Lincoln Square, Chicago, IL—60625
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lincoln Square, Chicago, IL
As of Oct '25, the median home price in Lincoln Square, Chicago, IL is $389,000, with a year-over-year change of 2.8%. This indicates that home prices in Lincoln Square, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $389,000 | 2.8% |
| Single Family | $612,000 | 5.9% |
| Condos | $284,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $185,000 | 3.9% |
2 Bed | $300,000 | 5.6% |
3 Bed | $519,000 | 6.4% |
4 Bed | $760,000 | 6.0% |
| 5 Bed | $1,093,000 | 4.5% |
% of Housing Stock
Rental Trends — Lincoln Square, Chicago, IL
As of July '25, Rentcast reports the average rent in Lincoln Square, Chicago, IL is $1,910, with a year-over-year rent change of -13.6%. Per bedroom, the median rent as of July '25 in Lincoln Square, Chicago, IL is studios: $1,330, 1-bedrooms: $1,660, 2-bedrooms: $2,090, 3-bedrooms: $3,140, 4-bedrooms: $3,730. The most common rental property sizes in Lincoln Square, Chicago, IL are 2-bedroom and 1-bedroom, accounting for 42.8% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,910 |
| Studio Rent | $1,340 | $1,330 |
| 1 Bed Rent | $1,620 | $1,660 |
| 2 Bed Rent | $2,000 | $2,090 |
| 3 Bed Rent | $2,750 | $3,140 |
| 4 Bed Rent | $3,000 | $3,730 |
% of Rental Stock
Property Listings — Lincoln Square, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lincoln Square, Chicago, IL is 30. This is a decrease of -6.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -16.0% |
Listing Count | 91 | -19.0% |
| Listings as % of Homes | 0.3% | -19.0% |
Days on Market | 30 | -6.0% |
Demographics — Lincoln Square, Chicago, IL
As of the latest ACS Survey released in 2023, Lincoln Square, Chicago, IL has a population of 78,500, which has remained stable by -1.0% over the past 5 years. Lincoln Square, Chicago, IL is a moderately popular place for families, as children make up 19.3% of the population. The area has a highly educated workforce, with 53.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 78,500 | -1.0% |
% Under 18 | 19.3% | -3.5% |
% Seniors | 11.4% | 18.8% |
% WFH | 19.6% | 243.9% |
% w/ College Degree | 53.8% | 11.4% |
As of the latest ACS Survey released in 2023, Lincoln Square, Chicago, IL is a predominantly white area, with 44.7% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Lincoln Square, Chicago, IL is hispanic, making up 32.2% of the population. Foreign-born residents account for 32.2% of the population in Lincoln Square, Chicago, IL, and this percentage has decreased by 3.9% 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 | 44.7% | -1.8% |
% Black | 4.8% | -4.0% |
% Hispanic | 32.2% | -1.8% |
% Asian | 14.0% | 5.3% |
% Foreign Born | 32.2% | -3.9% |
Mortgage and Risk — Lincoln Square, Chicago, IL
According to HUD data as of 2023, there were 698 mortgage originations in Lincoln Square, Chicago, IL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Lincoln Square, Chicago, IL. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 698 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Lincoln Square, Chicago, IL
As of 2024, the percent of homes in Lincoln Square, Chicago, IL under the Section 8 program is 2.2%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Lincoln Square, Chicago, IL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 505 |
Total Units Section 8 | 381 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,620 | $1,820 |
| 2 Bedroom | $50 | $2,000 | $2,050 |
| 3 Bedroom | -$120 | $2,750 | $2,630 |
| 4 Bedroom | $90 | $3,000 | $3,090 |
Affordability — Lincoln Square, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $389,000 |
| Median Household Income | $85,300 |