Englewood, Chicago, IL—60621
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Englewood, Chicago, IL
As of Oct '25, the median home price in Englewood, Chicago, IL is $116,000, with a year-over-year change of -0.9%. This indicates that home prices in Englewood, Chicago, IL are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $116,000 | -0.9% |
| Single Family | $116,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $85,000 | 4.9% |
3 Bed | $109,000 | -1.8% |
4 Bed | $129,000 | -0.8% |
| 5 Bed | $156,000 | 0.0% |
% of Housing Stock
Rental Trends — Englewood, Chicago, IL
As of July '25, Rentcast reports the average rent in Englewood, Chicago, IL is $1,610, with a year-over-year rent change of 7.3%. Per bedroom, the median rent as of July '25 in Englewood, Chicago, IL is studios: $1,010, 1-bedrooms: $1,260, 2-bedrooms: $1,490, 3-bedrooms: $1,690, 4-bedrooms: $1,930. The most common rental property sizes in Englewood, Chicago, IL are 2-bedroom and 3-bedroom, accounting for 33.4% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,610 |
| Studio Rent | $925 | $1,010 |
| 1 Bed Rent | $1,250 | $1,260 |
| 2 Bed Rent | $1,500 | $1,490 |
| 3 Bed Rent | $1,640 | $1,690 |
| 4 Bed Rent | $1,880 | $1,930 |
% of Rental Stock
Property Listings — Englewood, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Englewood, Chicago, IL is 57. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $137,000 | -26.0% |
Listing Count | 58 | 4.0% |
| Listings as % of Homes | 0.4% | 4.0% |
Days on Market | 57 | 18.0% |
Demographics — Englewood, Chicago, IL
As of the latest ACS Survey released in 2023, Englewood, Chicago, IL has a population of 27,300, which has decreased by -5.9% over the past 5 years. Englewood, Chicago, IL is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 11.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,300 | -5.9% |
% Under 18 | 20.7% | -23.0% |
% Seniors | 17.3% | 28.1% |
% WFH | 7.9% | 139.4% |
% w/ College Degree | 11.9% | 33.7% |
As of the latest ACS Survey released in 2023, Englewood, Chicago, IL is a predominantly black area, with 88.9% of the population identifying as black. The black population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Englewood, Chicago, IL is hispanic, making up 7.5% of the population. Foreign-born residents account for 6.0% of the population in Englewood, Chicago, IL, and this percentage has increased by 122.2% 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 | 1.6% | 45.5% |
% Black | 88.9% | -6.2% |
% Hispanic | 7.5% | 102.7% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 6.0% | 122.2% |
Mortgage and Risk — Englewood, Chicago, IL
According to HUD data as of 2023, there were 166 mortgage originations in Englewood, Chicago, IL, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 59.0% above 90% LTV (very high). This implies large mortgage risk in Englewood, Chicago, IL. Investor activity is low, as 9.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 166 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Englewood, Chicago, IL
As of 2024, the percent of homes in Englewood, Chicago, IL under the Section 8 program is 39.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Englewood, Chicago, IL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 3,776 |
Total Units Section 8 | 3,496 |
% Rentals under Section 8 | 39.4% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,250 | $1,160 |
| 2 Bedroom | -$190 | $1,500 | $1,310 |
| 3 Bedroom | $40 | $1,640 | $1,680 |
| 4 Bedroom | $100 | $1,880 | $1,980 |
Affordability — Englewood, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $116,000 |
| Median Household Income | $33,200 |