Bronzeville, Chicago, IL—60653
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bronzeville, Chicago, IL
As of Oct '25, the median home price in Bronzeville, Chicago, IL is $312,000, with a year-over-year change of -2.2%. This indicates that home prices in Bronzeville, Chicago, IL are decreasing. 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 | $312,000 | -2.2% |
| Single Family | $428,000 | 2.1% |
| Condos | $269,000 | -2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $241,000 | 2.1% |
3 Bed | $328,000 | 2.2% |
4 Bed | $455,000 | 3.6% |
| 5 Bed | $577,000 | 4.3% |
% of Housing Stock
Rental Trends — Bronzeville, Chicago, IL
As of July '25, Rentcast reports the average rent in Bronzeville, Chicago, IL is $2,320, with a year-over-year rent change of -18.6%. Per bedroom, the median rent as of July '25 in Bronzeville, Chicago, IL is studios: $1,160, 1-bedrooms: $1,470, 2-bedrooms: $2,170, 3-bedrooms: $2,600, 4-bedrooms: $2,960. The most common rental property sizes in Bronzeville, Chicago, IL are 1-bedroom and 2-bedroom, accounting for 36.5% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,280 | $2,320 |
| Studio Rent | $1,120 | $1,160 |
| 1 Bed Rent | $1,440 | $1,470 |
| 2 Bed Rent | $2,200 | $2,170 |
| 3 Bed Rent | $2,480 | $2,600 |
| 4 Bed Rent | $2,950 | $2,960 |
% of Rental Stock
Property Listings — Bronzeville, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Bronzeville, Chicago, IL is 41. 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | -2.0% |
Listing Count | 92 | -10.0% |
| Listings as % of Homes | 0.5% | -10.0% |
Days on Market | 41 | 18.0% |
Demographics — Bronzeville, Chicago, IL
As of the latest ACS Survey released in 2023, Bronzeville, Chicago, IL has a population of 34,600, which has increased by 8.2% over the past 5 years. Bronzeville, Chicago, IL is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,600 | 8.2% |
% Under 18 | 24.4% | -12.5% |
% Seniors | 16.5% | 27.9% |
% WFH | 20.2% | 215.6% |
% w/ College Degree | 37.7% | 13.6% |
As of the latest ACS Survey released in 2023, Bronzeville, Chicago, IL is a predominantly black area, with 82.0% of the population identifying as black. The black population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Bronzeville, Chicago, IL is white, making up 7.7% of the population. Foreign-born residents account for 6.0% of the population in Bronzeville, Chicago, IL, and this percentage has increased by 66.7% 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 | 7.7% | 79.1% |
% Black | 82.0% | -9.9% |
% Hispanic | 5.6% | 154.5% |
% Asian | 1.3% | 0.0% |
% Foreign Born | 6.0% | 66.7% |
Mortgage and Risk — Bronzeville, Chicago, IL
According to HUD data as of 2023, there were 256 mortgage originations in Bronzeville, Chicago, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Bronzeville, Chicago, IL. Investor activity is low, as 4.0% 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 | 256 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Bronzeville, Chicago, IL
As of 2024, the percent of homes in Bronzeville, Chicago, IL under the Section 8 program is 47.6%. 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. In Bronzeville, Chicago, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 7,189 |
Total Units Section 8 | 5,634 |
% Rentals under Section 8 | 47.6% |
% Occupied Section 8 | 89.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $1,440 | $1,230 |
| 2 Bedroom | -$810 | $2,200 | $1,390 |
| 3 Bedroom | -$690 | $2,480 | $1,790 |
| 4 Bedroom | -$850 | $2,950 | $2,100 |
Affordability — Bronzeville, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.2 |
| Median Home Price | $312,000 |
| Median Household Income | $39,600 |