Roseland, Chicago, IL—60628
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Roseland, Chicago, IL
As of Oct '25, the median home price in Roseland, Chicago, IL is $141,000, with a year-over-year change of -3.4%. This indicates that home prices in Roseland, Chicago, IL are decreasing. 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 | $141,000 | -3.4% |
| Single Family | $142,000 | -3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $112,000 | -2.6% |
3 Bed | $147,000 | -3.9% |
4 Bed | $171,000 | -1.7% |
| 5 Bed | $182,000 | -0.5% |
% of Housing Stock
Rental Trends — Roseland, Chicago, IL
As of July '25, Rentcast reports the average rent in Roseland, Chicago, IL is $1,650, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Roseland, Chicago, IL is 1-bedrooms: $1,140, 2-bedrooms: $1,370, 3-bedrooms: $1,770, 4-bedrooms: $2,150. The most common rental property sizes in Roseland, Chicago, IL are 2-bedroom and 3-bedroom, accounting for 34.1% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,140 |
| 2 Bed Rent | $1,350 | $1,370 |
| 3 Bed Rent | $1,650 | $1,770 |
| 4 Bed Rent | $2,100 | $2,150 |
% of Rental Stock
Property Listings — Roseland, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Roseland, Chicago, IL is 42. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $187,000 | -2.0% |
Listing Count | 298 | 1.0% |
| Listings as % of Homes | 1.1% | 1.0% |
Days on Market | 42 | -6.0% |
Demographics — Roseland, Chicago, IL
As of the latest ACS Survey released in 2023, Roseland, Chicago, IL has a population of 59,200, which has decreased by -11.3% over the past 5 years. Roseland, Chicago, IL is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 59,200 | -11.3% |
% Under 18 | 21.0% | -9.5% |
% Seniors | 19.9% | 17.8% |
% WFH | 8.8% | 203.4% |
% w/ College Degree | 23.8% | 25.9% |
As of the latest ACS Survey released in 2023, Roseland, Chicago, IL is a predominantly black area, with 90.1% of the population identifying as black. The black population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Roseland, Chicago, IL is hispanic, making up 5.1% of the population. Foreign-born residents account for 3.4% of the population in Roseland, Chicago, IL, and this percentage has increased by 30.8% 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 | 3.3% | 73.7% |
% Black | 90.1% | -3.8% |
% Hispanic | 5.1% | 50.0% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 3.4% | 30.8% |
Mortgage and Risk — Roseland, Chicago, IL
According to HUD data as of 2023, there were 722 mortgage originations in Roseland, Chicago, IL, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Roseland, Chicago, IL. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 722 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Roseland, Chicago, IL
As of 2024, the percent of homes in Roseland, Chicago, IL under the Section 8 program is 33.5%. 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. In Roseland, Chicago, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 3,467 |
Total Units Section 8 | 3,211 |
% Rentals under Section 8 | 33.5% |
% Occupied Section 8 | 86.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,020 | $1,280 |
| 2 Bedroom | $100 | $1,350 | $1,450 |
| 3 Bedroom | $210 | $1,650 | $1,860 |
| 4 Bedroom | $90 | $2,100 | $2,190 |
Affordability — Roseland, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $141,000 |
| Median Household Income | $49,700 |