Brighton Park, Chicago, IL—60632
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brighton Park, Chicago, IL
As of Oct '25, the median home price in Brighton Park, Chicago, IL is $269,000, with a year-over-year change of 3.0%. This indicates that home prices in Brighton Park, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $269,000 | 3.0% |
| Single Family | $271,000 | 3.0% |
| Condos | $164,000 | -11.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $236,000 | 3.1% |
3 Bed | $278,000 | 2.6% |
4 Bed | $302,000 | 3.1% |
| 5 Bed | $332,000 | 3.1% |
% of Housing Stock
Rental Trends — Brighton Park, Chicago, IL
As of July '25, Rentcast reports the average rent in Brighton Park, Chicago, IL is $1,500, with a year-over-year rent change of -8.5%. Per bedroom, the median rent as of July '25 in Brighton Park, Chicago, IL is studios: $825, 1-bedrooms: $1,240, 2-bedrooms: $1,490, 3-bedrooms: $1,620, 4-bedrooms: $1,990. The most common rental property sizes in Brighton Park, Chicago, IL are 2-bedroom and 3-bedroom, accounting for 55.4% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | $825 | $825 |
| 1 Bed Rent | $1,100 | $1,240 |
| 2 Bed Rent | $1,500 | $1,490 |
| 3 Bed Rent | $1,600 | $1,620 |
| 4 Bed Rent | $1,990 | $1,990 |
% of Rental Stock
Property Listings — Brighton Park, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Brighton Park, Chicago, IL is 40. This is a decrease of -24.0% 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 | $335,000 | -1.0% |
Listing Count | 52 | 13.0% |
| Listings as % of Homes | 0.2% | 13.0% |
Days on Market | 40 | -24.0% |
Demographics — Brighton Park, Chicago, IL
As of the latest ACS Survey released in 2023, Brighton Park, Chicago, IL has a population of 87,800, which has decreased by -3.5% over the past 5 years. Brighton Park, Chicago, IL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 13.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 87,800 | -3.5% |
% Under 18 | 24.2% | -18.0% |
% Seniors | 12.0% | 25.0% |
% WFH | 6.1% | 369.2% |
% w/ College Degree | 13.3% | 29.1% |
As of the latest ACS Survey released in 2023, Brighton Park, Chicago, IL is a predominantly hispanic area, with 82.9% of the population identifying as hispanic. The hispanic population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Brighton Park, Chicago, IL is white, making up 7.6% of the population. Foreign-born residents account for 42.8% of the population in Brighton Park, Chicago, IL, and this percentage has increased by 4.6% 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 | 7.6% | -13.6% |
% Black | 2.2% | 15.8% |
% Hispanic | 82.9% | -1.3% |
% Asian | 7.2% | 26.3% |
% Foreign Born | 42.8% | 4.6% |
Mortgage and Risk — Brighton Park, Chicago, IL
According to HUD data as of 2023, there were 421 mortgage originations in Brighton Park, Chicago, IL, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Brighton 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 | 421 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Brighton Park, Chicago, IL
As of 2024, the percent of homes in Brighton Park, Chicago, IL under the Section 8 program is 1.7%. 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 Brighton 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 | 258 |
Total Units Section 8 | 192 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,100 | $1,120 |
| 2 Bedroom | -$230 | $1,500 | $1,270 |
| 3 Bedroom | $30 | $1,600 | $1,630 |
| 4 Bedroom | -$70 | $1,990 | $1,920 |
Affordability — Brighton Park, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $269,000 |
| Median Household Income | $60,600 |