Morgan Park, Chicago, IL—60655
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$308,000
3.0% YoY Growth
Household Income
$114,000
17.3% YoY Growth
Days on Market
50
3.0% Shorter YoY
Home Price Forecast
1.5%
Median Rent
$1,650
11.4% YoY Growth
1-Bed Rent
$1,320
2.1% YoY Growth
2-Bed Rent
$1,550
16.3% YoY Growth
3-Bed Rent
$3,000
14.5% YoY Growth
Home Price Trends — Morgan Park, Chicago, IL
As of Dec '25, the median home price in Morgan Park, Chicago, IL is $308,000, with a year-over-year change of 3.0%. This indicates that home prices in Morgan Park, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $308,000 | 3.0% |
| Single Family | $312,000 | 3.0% |
| Condos | $163,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |