Ukrainian Village, Chicago, IL—60622
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ukrainian Village, Chicago, IL
As of Oct '25, the median home price in Ukrainian Village, Chicago, IL is $595,000, with a year-over-year change of 0.8%. This indicates that home prices in Ukrainian Village, Chicago, IL are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $595,000 | 0.8% |
| Single Family | $920,000 | 4.0% |
| Condos | $548,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $313,000 | 7.6% |
2 Bed | $496,000 | 4.9% |
3 Bed | $715,000 | 3.8% |
4 Bed | $1,097,000 | 4.3% |
| 5 Bed | $1,617,000 | 4.1% |
% of Housing Stock
Rental Trends — Ukrainian Village, Chicago, IL
As of July '25, Rentcast reports the average rent in Ukrainian Village, Chicago, IL is $2,730, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Ukrainian Village, Chicago, IL is studios: $2,070, 1-bedrooms: $2,310, 2-bedrooms: $2,510, 3-bedrooms: $3,290, 4-bedrooms: $3,460. The most common rental property sizes in Ukrainian Village, Chicago, IL are 2-bedroom and 1-bedroom, accounting for 51.6% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,730 |
| Studio Rent | $2,140 | $2,070 |
| 1 Bed Rent | $2,300 | $2,310 |
| 2 Bed Rent | $2,380 | $2,510 |
| 3 Bed Rent | $3,100 | $3,290 |
| 4 Bed Rent | $3,600 | $3,460 |
% of Rental Stock
Property Listings — Ukrainian Village, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Ukrainian Village, Chicago, IL is 27. This is a decrease of -12.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $650,000 | 3.0% |
Listing Count | 162 | -19.0% |
| Listings as % of Homes | 0.5% | -19.0% |
Days on Market | 27 | -12.0% |
Demographics — Ukrainian Village, Chicago, IL
As of the latest ACS Survey released in 2023, Ukrainian Village, Chicago, IL has a population of 53,700, which has increased by 1.7% over the past 5 years. Ukrainian Village, Chicago, IL is a less popular place for families, as children make up 13.1% of the population. The area has a highly educated workforce, with 72.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 53,700 | 1.7% |
% Under 18 | 13.1% | -14.4% |
% Seniors | 7.4% | 25.4% |
% WFH | 31.2% | 300.0% |
% w/ College Degree | 72.8% | 5.2% |
As of the latest ACS Survey released in 2023, Ukrainian Village, Chicago, IL is a predominantly white area, with 63.1% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Ukrainian Village, Chicago, IL is hispanic, making up 21.4% of the population. Foreign-born residents account for 13.0% of the population in Ukrainian Village, Chicago, IL, and this percentage has decreased by 5.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.1% | -2.5% |
% Black | 5.4% | -19.4% |
% Hispanic | 21.4% | -2.3% |
% Asian | 5.5% | 19.6% |
% Foreign Born | 13.0% | -5.1% |
Mortgage and Risk — Ukrainian Village, Chicago, IL
According to HUD data as of 2023, there were 861 mortgage originations in Ukrainian Village, Chicago, IL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Ukrainian Village, Chicago, IL. Investor activity is low, as 5.0% 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 | 861 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Ukrainian Village, Chicago, IL
As of 2024, the percent of homes in Ukrainian Village, Chicago, IL under the Section 8 program is 5.9%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Ukrainian Village, Chicago, IL, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,889 |
Total Units Section 8 | 911 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $2,300 | $2,160 |
| 2 Bedroom | $60 | $2,380 | $2,440 |
| 3 Bedroom | $30 | $3,100 | $3,130 |
| 4 Bedroom | $80 | $3,600 | $3,680 |
Affordability — Ukrainian Village, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $595,000 |
| Median Household Income | $125,000 |