Jefferson Park, Chicago, IL—60630
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Jefferson Park, Chicago, IL
As of Oct '25, the median home price in Jefferson Park, Chicago, IL is $391,000, with a year-over-year change of 5.5%. This indicates that home prices in Jefferson Park, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $391,000 | 5.5% |
| Single Family | $419,000 | 6.3% |
| Condos | $232,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $174,000 | 4.8% |
2 Bed | $322,000 | 7.0% |
3 Bed | $403,000 | 6.3% |
4 Bed | $486,000 | 6.6% |
| 5 Bed | $552,000 | 6.4% |
% of Housing Stock
Rental Trends — Jefferson Park, Chicago, IL
As of July '25, Rentcast reports the average rent in Jefferson Park, Chicago, IL is $2,100, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Jefferson Park, Chicago, IL is studios: $1,230, 1-bedrooms: $1,480, 2-bedrooms: $2,070, 3-bedrooms: $2,730, 4-bedrooms: $3,090. The most common rental property sizes in Jefferson Park, Chicago, IL are 2-bedroom and 1-bedroom, accounting for 47.6% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,100 |
| Studio Rent | $1,250 | $1,230 |
| 1 Bed Rent | $1,450 | $1,480 |
| 2 Bed Rent | $1,800 | $2,070 |
| 3 Bed Rent | $2,250 | $2,730 |
| 4 Bed Rent | $3,100 | $3,090 |
% of Rental Stock
Property Listings — Jefferson Park, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Jefferson Park, Chicago, IL is 33. This is a increase of 14.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $442,000 | -3.0% |
Listing Count | 72 | -29.0% |
| Listings as % of Homes | 0.4% | -29.0% |
Days on Market | 33 | 14.0% |
Demographics — Jefferson Park, Chicago, IL
As of the latest ACS Survey released in 2023, Jefferson Park, Chicago, IL has a population of 54,200, which has decreased by -5.4% over the past 5 years. Jefferson Park, Chicago, IL is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 43.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,200 | -5.4% |
% Under 18 | 19.4% | -6.7% |
% Seniors | 16.9% | 11.2% |
% WFH | 15.6% | 477.8% |
% w/ College Degree | 43.8% | 19.0% |
As of the latest ACS Survey released in 2023, Jefferson Park, Chicago, IL is a predominantly white area, with 54.7% 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 Jefferson Park, Chicago, IL is hispanic, making up 28.4% of the population. Foreign-born residents account for 29.4% of the population in Jefferson Park, Chicago, IL, and this percentage has decreased by 2.3% 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 | 54.7% | -2.5% |
% Black | 1.9% | 18.8% |
% Hispanic | 28.4% | 1.8% |
% Asian | 11.8% | 3.5% |
% Foreign Born | 29.4% | -2.3% |
Mortgage and Risk — Jefferson Park, Chicago, IL
According to HUD data as of 2023, there were 634 mortgage originations in Jefferson Park, Chicago, IL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Jefferson Park, Chicago, IL. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 634 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Jefferson Park, Chicago, IL
As of 2024, the percent of homes in Jefferson Park, Chicago, IL under the Section 8 program is 2.9%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Jefferson Park, Chicago, IL, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 234 |
Total Units Section 8 | 209 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,450 | $1,590 |
| 2 Bedroom | $0 | $1,800 | $1,800 |
| 3 Bedroom | $60 | $2,250 | $2,310 |
| 4 Bedroom | -$380 | $3,100 | $2,720 |
Affordability — Jefferson Park, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $391,000 |
| Median Household Income | $97,100 |