Logan Square, Chicago, IL—60647
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Logan Square, Chicago, IL
As of Oct '25, the median home price in Logan Square, Chicago, IL is $524,000, with a year-over-year change of 0.9%. This indicates that home prices in Logan Square, 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 | $524,000 | 0.9% |
| Single Family | $732,000 | 6.4% |
| Condos | $454,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $317,000 | 5.3% |
2 Bed | $440,000 | 7.3% |
3 Bed | $629,000 | 6.4% |
4 Bed | $918,000 | 5.3% |
| 5 Bed | $1,163,000 | 5.5% |
% of Housing Stock
Rental Trends — Logan Square, Chicago, IL
As of July '25, Rentcast reports the average rent in Logan Square, Chicago, IL is $2,150, with a year-over-year rent change of -12.2%. Per bedroom, the median rent as of July '25 in Logan Square, Chicago, IL is studios: $1,420, 1-bedrooms: $1,930, 2-bedrooms: $2,450, 3-bedrooms: $2,890, 4-bedrooms: $3,810. The most common rental property sizes in Logan Square, Chicago, IL are 2-bedroom and 1-bedroom, accounting for 43.0% and 25.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,150 |
| Studio Rent | $1,350 | $1,420 |
| 1 Bed Rent | $1,880 | $1,930 |
| 2 Bed Rent | $2,400 | $2,450 |
| 3 Bed Rent | $2,950 | $2,890 |
| 4 Bed Rent | $4,000 | $3,810 |
% of Rental Stock
Property Listings — Logan Square, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Logan Square, Chicago, IL is 31. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $601,000 | -15.0% |
Listing Count | 159 | -21.0% |
| Listings as % of Homes | 0.3% | -21.0% |
Days on Market | 31 | 1.0% |
Demographics — Logan Square, Chicago, IL
As of the latest ACS Survey released in 2023, Logan Square, Chicago, IL has a population of 85,600, which has decreased by -2.2% over the past 5 years. Logan Square, Chicago, IL is a moderately popular place for families, as children make up 16.9% of the population. The area has a highly educated workforce, with 60.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 85,600 | -2.2% |
% Under 18 | 16.9% | -9.1% |
% Seniors | 7.8% | 9.9% |
% WFH | 27.9% | 365.0% |
% w/ College Degree | 60.9% | 16.7% |
As of the latest ACS Survey released in 2023, Logan Square, Chicago, IL is a predominantly white area, with 48.9% of the population identifying as white. The white population has grown by 10.4% in the last 5 years. The second most common race or ethnicity in Logan Square, Chicago, IL is hispanic, making up 37.1% of the population. Foreign-born residents account for 15.3% of the population in Logan Square, Chicago, IL, and this percentage has decreased by 13.1% 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 | 48.9% | 10.4% |
% Black | 6.2% | -4.6% |
% Hispanic | 37.1% | -17.2% |
% Asian | 4.9% | 53.1% |
% Foreign Born | 15.3% | -13.1% |
Mortgage and Risk — Logan Square, Chicago, IL
According to HUD data as of 2023, there were 965 mortgage originations in Logan Square, Chicago, IL, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Logan Square, Chicago, IL. Investor activity is low, as 6.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 965 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Logan Square, Chicago, IL
As of 2024, the percent of homes in Logan Square, Chicago, IL under the Section 8 program is 9.6%. 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 Logan Square, 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 | 2,753 |
Total Units Section 8 | 2,313 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,880 | $1,890 |
| 2 Bedroom | -$270 | $2,400 | $2,130 |
| 3 Bedroom | -$210 | $2,950 | $2,740 |
| 4 Bedroom | -$790 | $4,000 | $3,210 |
Affordability — Logan Square, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $524,000 |
| Median Household Income | $103,000 |