Lakeview, Chicago, IL 60657 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Lakeview, Chicago, IL—60657

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$525,000

9.0% YoY Growth

Household Income

$109,000

18.1% YoY Growth

Days on Market

24

20.0% Shorter YoY

Home Price Forecast

1.3%

Median Rent

$2,100

8.7% YoY Growth

1-Bed Rent

$2,100

7.5% YoY Growth

2-Bed Rent

$2,800

9.2% YoY Growth

3-Bed Rent

$3,850

10.5% YoY Growth

Other Zip Codes in Lakeview, Chicago, IL

Home Price Trends — Lakeview, Chicago, IL

As of May '26, the median home price in Lakeview, Chicago, IL is $525,000, with a year-over-year change of 9.0%. 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	$525,000	9.0%
Single Family	$1,185,000	11.9%
Condos	$449,000	9.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

18.4%

1 Bedroom

40.7%

2 Bedrooms

28.6%

3 Bedrooms

9.7%

4 Bedrooms

2.2%

5+ Bedrooms

0.4%

Property Listings — Lakeview, Chicago, IL

As of May '26, Realtor.com reports that the median days on market for a home in Lakeview, Chicago, IL is 24. This is a decrease of -20.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$620,000	5.0%
Listing Count	218	-12.0%
Listings as % of Homes	0.5%	-12.0%
Days on Market	24	-20.0%

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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%

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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%

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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%

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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