Humboldt Park, Chicago, IL—60651
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Humboldt Park, Chicago, IL
As of Oct '25, the median home price in Humboldt Park, Chicago, IL is $260,000, with a year-over-year change of 3.2%. This indicates that home prices in Humboldt Park, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $260,000 | 3.2% |
| Single Family | $263,000 | 3.1% |
| Condos | $219,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | 5.8% |
3 Bed | $257,000 | 2.8% |
4 Bed | $302,000 | 3.4% |
| 5 Bed | $345,000 | 4.9% |
% of Housing Stock
Rental Trends — Humboldt Park, Chicago, IL
As of July '25, Rentcast reports the average rent in Humboldt Park, Chicago, IL is $1,780, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Humboldt Park, Chicago, IL is studios: $1,280, 1-bedrooms: $1,320, 2-bedrooms: $1,590, 3-bedrooms: $2,170, 4-bedrooms: $2,700. The most common rental property sizes in Humboldt Park, Chicago, IL are 2-bedroom and 3-bedroom, accounting for 45.2% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,780 |
| Studio Rent | $1,200 | $1,280 |
| 1 Bed Rent | $1,350 | $1,320 |
| 2 Bed Rent | $1,600 | $1,590 |
| 3 Bed Rent | $2,100 | $2,170 |
| 4 Bed Rent | $2,800 | $2,700 |
% of Rental Stock
Property Listings — Humboldt Park, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Humboldt Park, Chicago, IL is 28. 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $407,000 | 13.0% |
Listing Count | 65 | -17.0% |
| Listings as % of Homes | 0.3% | -17.0% |
Days on Market | 28 | -4.0% |
Demographics — Humboldt Park, Chicago, IL
As of the latest ACS Survey released in 2023, Humboldt Park, Chicago, IL has a population of 63,900, which has increased by 1.1% over the past 5 years. Humboldt Park, Chicago, IL is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,900 | 1.1% |
% Under 18 | 26.0% | -5.1% |
% Seniors | 13.1% | 14.9% |
% WFH | 7.6% | 100.0% |
% w/ College Degree | 16.3% | 15.6% |
As of the latest ACS Survey released in 2023, Humboldt Park, Chicago, IL is a predominantly black area, with 52.9% of the population identifying as black. The black population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Humboldt Park, Chicago, IL is hispanic, making up 39.3% of the population. Foreign-born residents account for 15.1% of the population in Humboldt Park, Chicago, IL, and this percentage has increased by 7.9% 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 | 6.7% | 63.4% |
% Black | 52.9% | 1.5% |
% Hispanic | 39.3% | -7.5% |
% Asian | 1.4% | 180.0% |
% Foreign Born | 15.1% | 7.9% |
Mortgage and Risk — Humboldt Park, Chicago, IL
According to HUD data as of 2023, there were 423 mortgage originations in Humboldt Park, Chicago, IL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Humboldt Park, Chicago, IL. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 423 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Humboldt Park, Chicago, IL
As of 2024, the percent of homes in Humboldt Park, Chicago, IL under the Section 8 program is 15.0%. 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 Humboldt Park, 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 | 2,007 |
Total Units Section 8 | 1,642 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,350 | $1,360 |
| 2 Bedroom | -$60 | $1,600 | $1,540 |
| 3 Bedroom | -$120 | $2,100 | $1,980 |
| 4 Bedroom | -$480 | $2,800 | $2,320 |
Affordability — Humboldt Park, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $260,000 |
| Median Household Income | $53,000 |