Lincoln Park, Chicago, IL—60614
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lincoln Park, Chicago, IL
As of Oct '25, the median home price in Lincoln Park, Chicago, IL is $608,000, with a year-over-year change of 2.9%. This indicates that home prices in Lincoln Park, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $608,000 | 2.9% |
| Single Family | $1,273,000 | 4.2% |
| Condos | $484,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $294,000 | 6.5% |
2 Bed | $556,000 | 5.9% |
3 Bed | $895,000 | 4.3% |
4 Bed | $1,499,000 | 4.0% |
| 5 Bed | $2,577,000 | 2.8% |
% of Housing Stock
Rental Trends — Lincoln Park, Chicago, IL
As of July '25, Rentcast reports the average rent in Lincoln Park, Chicago, IL is $2,870, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Lincoln Park, Chicago, IL is studios: $1,690, 1-bedrooms: $2,520, 2-bedrooms: $3,480, 3-bedrooms: $4,410, 4-bedrooms: $5,530. The most common rental property sizes in Lincoln Park, Chicago, IL are 1-bedroom and 2-bedroom, accounting for 38.3% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,440 | $2,870 |
| Studio Rent | $1,680 | $1,690 |
| 1 Bed Rent | $2,350 | $2,520 |
| 2 Bed Rent | $3,370 | $3,480 |
| 3 Bed Rent | $4,000 | $4,410 |
| 4 Bed Rent | $5,200 | $5,530 |
% of Rental Stock
Property Listings — Lincoln Park, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lincoln Park, Chicago, IL is 30. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $776,000 | 8.0% |
Listing Count | 236 | -27.0% |
| Listings as % of Homes | 0.8% | -27.0% |
Days on Market | 30 | -10.0% |
Demographics — Lincoln Park, Chicago, IL
As of the latest ACS Survey released in 2023, Lincoln Park, Chicago, IL has a population of 70,400, which has decreased by -1.2% over the past 5 years. Lincoln Park, Chicago, IL is a less popular place for families, as children make up 14.6% of the population. The area has a highly educated workforce, with 86.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 70,400 | -1.2% |
% Under 18 | 14.6% | 5.0% |
% Seniors | 10.0% | 14.9% |
% WFH | 29.9% | 346.3% |
% w/ College Degree | 86.1% | 1.7% |
As of the latest ACS Survey released in 2023, Lincoln Park, Chicago, IL is a predominantly white area, with 77.8% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Lincoln Park, Chicago, IL is asian, making up 7.6% of the population. Foreign-born residents account for 13.1% of the population in Lincoln Park, Chicago, IL, and this percentage has increased by 8.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.8% | -2.3% |
% Black | 3.4% | -15.0% |
% Hispanic | 7.2% | 18.0% |
% Asian | 7.6% | 2.7% |
% Foreign Born | 13.1% | 8.3% |
Mortgage and Risk — Lincoln Park, Chicago, IL
According to HUD data as of 2023, there were 1109 mortgage originations in Lincoln Park, Chicago, IL, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Lincoln Park, Chicago, IL. Investor activity is low, as 3.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,109 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Lincoln Park, Chicago, IL
As of 2024, the percent of homes in Lincoln Park, Chicago, IL under the Section 8 program is 5.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lincoln Park, Chicago, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,526 |
Total Units Section 8 | 1,184 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 90.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $2,350 | $2,340 |
| 2 Bedroom | -$730 | $3,370 | $2,640 |
| 3 Bedroom | -$610 | $4,000 | $3,390 |
| 4 Bedroom | -$1,220 | $5,200 | $3,980 |
Affordability — Lincoln Park, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $608,000 |
| Median Household Income | $140,000 |