Edgebrook, Chicago, IL—60631
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Edgebrook, Chicago, IL
As of Oct '25, the median home price in Edgebrook, Chicago, IL is $428,000, with a year-over-year change of 5.1%. This indicates that home prices in Edgebrook, Chicago, IL are increasing. 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 | $428,000 | 5.1% |
| Single Family | $461,000 | 5.5% |
| Condos | $229,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $180,000 | 2.3% |
2 Bed | $325,000 | 5.5% |
3 Bed | $436,000 | 5.6% |
4 Bed | $550,000 | 5.0% |
| 5 Bed | $690,000 | 3.3% |
% of Housing Stock
Rental Trends — Edgebrook, Chicago, IL
As of July '25, Rentcast reports the average rent in Edgebrook, Chicago, IL is $2,270, with a year-over-year rent change of 11.3%. Per bedroom, the median rent as of July '25 in Edgebrook, Chicago, IL is studios: $1,300, 1-bedrooms: $1,560, 2-bedrooms: $2,040, 3-bedrooms: $2,940, 4-bedrooms: $4,900. The most common rental property sizes in Edgebrook, Chicago, IL are 1-bedroom and 2-bedroom, accounting for 36.7% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,270 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $1,500 | $1,560 |
| 2 Bed Rent | $1,950 | $2,040 |
| 3 Bed Rent | $2,400 | $2,940 |
| 4 Bed Rent | $4,900 | $4,900 |
% of Rental Stock
Property Listings — Edgebrook, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Edgebrook, Chicago, IL is 30. This is a decrease of -4.0% 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 | $499,000 | 13.0% |
Listing Count | 69 | -15.0% |
| Listings as % of Homes | 0.5% | -15.0% |
Days on Market | 30 | -4.0% |
Demographics — Edgebrook, Chicago, IL
As of the latest ACS Survey released in 2023, Edgebrook, Chicago, IL has a population of 30,300, which has increased by 2.6% over the past 5 years. Edgebrook, Chicago, IL is a moderately popular place for families, as children make up 22.9% of the population. The area has a highly educated workforce, with 50.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,300 | 2.6% |
% Under 18 | 22.9% | 12.8% |
% Seniors | 19.6% | 5.9% |
% WFH | 14.1% | 271.1% |
% w/ College Degree | 50.1% | 15.2% |
As of the latest ACS Survey released in 2023, Edgebrook, Chicago, IL is a predominantly white area, with 74.7% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Edgebrook, Chicago, IL is hispanic, making up 17.8% of the population. Foreign-born residents account for 16.0% of the population in Edgebrook, Chicago, IL, and this percentage has increased by 26.0% 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 | 74.7% | -9.0% |
% Black | 0.8% | -46.7% |
% Hispanic | 17.8% | 66.4% |
% Asian | 3.9% | 34.5% |
% Foreign Born | 16.0% | 26.0% |
Mortgage and Risk — Edgebrook, Chicago, IL
According to HUD data as of 2023, there were 463 mortgage originations in Edgebrook, Chicago, IL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Edgebrook, Chicago, IL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 463 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Edgebrook, Chicago, IL
As of 2024, the percent of homes in Edgebrook, Chicago, IL under the Section 8 program is 1.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Edgebrook, Chicago, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 42 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,500 | $1,580 |
| 2 Bedroom | -$170 | $1,950 | $1,780 |
| 3 Bedroom | -$110 | $2,400 | $2,290 |
| 4 Bedroom | -$2,210 | $4,900 | $2,690 |
Affordability — Edgebrook, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $428,000 |
| Median Household Income | $118,000 |