Lakeview, Chicago, IL—60657
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lakeview, Chicago, IL
Home Price Trends — Lakeview, Chicago, IL
As of Oct '25, the median home price in Lakeview, Chicago, IL is $476,000, with a year-over-year change of 4.0%. This indicates that home prices in Lakeview, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $476,000 | 4.0% |
| Single Family | $1,032,000 | 6.5% |
| Condos | $412,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $260,000 | 5.7% |
2 Bed | $476,000 | 6.5% |
3 Bed | $769,000 | 5.8% |
4 Bed | $1,204,000 | 5.7% |
| 5 Bed | $1,976,000 | 4.6% |
% of Housing Stock
Rental Trends — Lakeview, Chicago, IL
As of July '25, Rentcast reports the average rent in Lakeview, Chicago, IL is $2,400, with a year-over-year rent change of -8.7%. Per bedroom, the median rent as of July '25 in Lakeview, Chicago, IL is studios: $1,530, 1-bedrooms: $2,140, 2-bedrooms: $2,960, 3-bedrooms: $4,090, 4-bedrooms: $5,630. The most common rental property sizes in Lakeview, Chicago, IL are 1-bedroom and 2-bedroom, accounting for 40.7% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,400 |
| Studio Rent | $1,500 | $1,530 |
| 1 Bed Rent | $2,100 | $2,140 |
| 2 Bed Rent | $2,800 | $2,960 |
| 3 Bed Rent | $3,850 | $4,090 |
| 4 Bed Rent | $5,400 | $5,630 |
% of Rental Stock
Property Listings — Lakeview, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakeview, Chicago, IL is 30. This is a decrease of -10.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | 10.0% |
Listing Count | 229 | -7.0% |
| Listings as % of Homes | 0.5% | -7.0% |
Days on Market | 30 | -10.0% |
Demographics — Lakeview, Chicago, IL
As of the latest ACS Survey released in 2023, Lakeview, Chicago, IL has a population of 71,300, which has increased by 1.7% over the past 5 years. Lakeview, Chicago, IL is a less popular place for families, as children make up 12.3% of the population. The area has a highly educated workforce, with 86.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 71,300 | 1.7% |
% Under 18 | 12.3% | 2.5% |
% Seniors | 9.4% | 17.5% |
% WFH | 34.4% | 405.9% |
% w/ College Degree | 86.6% | 5.2% |
As of the latest ACS Survey released in 2023, Lakeview, Chicago, IL is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Lakeview, Chicago, IL is hispanic, making up 9.1% of the population. Foreign-born residents account for 11.2% of the population in Lakeview, Chicago, IL, and this percentage has decreased by 8.2% 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 | 76.5% | -5.0% |
% Black | 3.7% | 42.3% |
% Hispanic | 9.1% | 30.0% |
% Asian | 6.5% | -7.1% |
% Foreign Born | 11.2% | -8.2% |
Mortgage and Risk — Lakeview, Chicago, IL
According to HUD data as of 2023, there were 1143 mortgage originations in Lakeview, Chicago, IL, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Lakeview, Chicago, IL. Investor activity is low, as 3.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,143 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Lakeview, Chicago, IL
As of 2024, the percent of homes in Lakeview, Chicago, IL under the Section 8 program is 2.3%. 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 Lakeview, 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 | 836 |
Total Units Section 8 | 559 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 91.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $2,100 | $2,340 |
| 2 Bedroom | -$160 | $2,800 | $2,640 |
| 3 Bedroom | -$460 | $3,850 | $3,390 |
| 4 Bedroom | -$1,420 | $5,400 | $3,980 |
Affordability — Lakeview, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $476,000 |
| Median Household Income | $109,000 |