Beverly, Chicago, IL—60643
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Beverly, Chicago, IL
As of Oct '25, the median home price in Beverly, Chicago, IL is $221,000, with a year-over-year change of 0.6%. This indicates that home prices in Beverly, Chicago, IL are flat. 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 | $221,000 | 0.6% |
| Single Family | $226,000 | 1.3% |
| Condos | $153,000 | -6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $138,000 | 1.5% |
3 Bed | $203,000 | 0.5% |
4 Bed | $345,000 | 3.6% |
| 5 Bed | $420,000 | 3.2% |
% of Housing Stock
Rental Trends — Beverly, Chicago, IL
As of July '25, Rentcast reports the average rent in Beverly, Chicago, IL is $2,260, with a year-over-year rent change of 19.6%. Per bedroom, the median rent as of July '25 in Beverly, Chicago, IL is studios: $1,580, 1-bedrooms: $1,830, 2-bedrooms: $2,170, 3-bedrooms: $2,410, 4-bedrooms: $2,960. The most common rental property sizes in Beverly, Chicago, IL are 2-bedroom and 3-bedroom, accounting for 32.8% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,260 |
| Studio Rent | $1,300 | $1,580 |
| 1 Bed Rent | $1,400 | $1,830 |
| 2 Bed Rent | $2,200 | $2,170 |
| 3 Bed Rent | $2,100 | $2,410 |
| 4 Bed Rent | $3,250 | $2,960 |
% of Rental Stock
Property Listings — Beverly, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Beverly, Chicago, IL is 42. This is a increase of 18.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $243,000 | -8.0% |
Listing Count | 175 | 1.0% |
| Listings as % of Homes | 0.9% | 1.0% |
Days on Market | 42 | 18.0% |
Demographics — Beverly, Chicago, IL
As of the latest ACS Survey released in 2023, Beverly, Chicago, IL has a population of 47,800, which has decreased by -4.1% over the past 5 years. Beverly, Chicago, IL is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 39.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,800 | -4.1% |
% Under 18 | 23.5% | 5.9% |
% Seniors | 20.3% | 10.3% |
% WFH | 13.7% | 168.6% |
% w/ College Degree | 39.5% | 6.2% |
As of the latest ACS Survey released in 2023, Beverly, Chicago, IL is a predominantly black area, with 69.3% of the population identifying as black. The black population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Beverly, Chicago, IL is white, making up 22.2% of the population. Foreign-born residents account for 3.4% of the population in Beverly, Chicago, IL, and this percentage has increased by 25.9% 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 | 22.2% | 9.4% |
% Black | 69.3% | -5.7% |
% Hispanic | 4.0% | 21.2% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 3.4% | 25.9% |
Mortgage and Risk — Beverly, Chicago, IL
According to HUD data as of 2023, there were 582 mortgage originations in Beverly, Chicago, IL, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Beverly, Chicago, IL. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 582 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Beverly, Chicago, IL
As of 2024, the percent of homes in Beverly, Chicago, IL under the Section 8 program is 36.8%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Beverly, 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 | 1,939 |
Total Units Section 8 | 1,901 |
% Rentals under Section 8 | 36.8% |
% Occupied Section 8 | 86.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,400 | $1,450 |
| 2 Bedroom | -$560 | $2,200 | $1,640 |
| 3 Bedroom | $10 | $2,100 | $2,110 |
| 4 Bedroom | -$780 | $3,250 | $2,470 |
Affordability — Beverly, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $221,000 |
| Median Household Income | $83,000 |