Fulton Market, Chicago, IL—60661
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fulton Market, Chicago, IL
As of Oct '25, the median home price in Fulton Market, Chicago, IL is $333,000, with a year-over-year change of 1.9%. This indicates that home prices in Fulton Market, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $333,000 | 1.9% |
| Single Family | $648,000 | -1.1% |
| Condos | $328,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $310,000 | 2.6% |
2 Bed | $463,000 | 2.2% |
3 Bed | $812,000 | 0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fulton Market, Chicago, IL
As of July '25, Rentcast reports the average rent in Fulton Market, Chicago, IL is $2,910, with a year-over-year rent change of -13.1%. Per bedroom, the median rent as of July '25 in Fulton Market, Chicago, IL is studios: $2,120, 1-bedrooms: $2,640, 2-bedrooms: $3,900, 3-bedrooms: $5,880. The most common rental property sizes in Fulton Market, Chicago, IL are 1-bedroom and studio, accounting for 51.9% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,690 | $2,910 |
| Studio Rent | $2,000 | $2,120 |
| 1 Bed Rent | $2,600 | $2,640 |
| 2 Bed Rent | $3,860 | $3,900 |
| 3 Bed Rent | $5,760 | $5,880 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fulton Market, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fulton Market, Chicago, IL is 32. This is a increase of 11.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | -11.0% |
Listing Count | 58 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 32 | 11.0% |
Demographics — Fulton Market, Chicago, IL
As of the latest ACS Survey released in 2023, Fulton Market, Chicago, IL has a population of 11,500, which has increased by 16.0% over the past 5 years. Fulton Market, Chicago, IL is a less popular place for families, as children make up 6.7% of the population. The area has a highly educated workforce, with 88.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 37.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | 16.0% |
% Under 18 | 6.7% | -2.9% |
% Seniors | 2.9% | 31.8% |
% WFH | 37.7% | 819.5% |
% w/ College Degree | 88.5% | -1.9% |
As of the latest ACS Survey released in 2023, Fulton Market, Chicago, IL is a predominantly white area, with 54.7% of the population identifying as white. The white population has grown by 6.6% in the last 5 years. The second most common race or ethnicity in Fulton Market, Chicago, IL is asian, making up 23.2% of the population. Foreign-born residents account for 22.3% of the population in Fulton Market, Chicago, IL, and this percentage has decreased by 38.1% 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 | 54.7% | 6.6% |
% Black | 7.0% | 94.4% |
% Hispanic | 10.5% | 64.1% |
% Asian | 23.2% | -35.2% |
% Foreign Born | 22.3% | -38.1% |
Mortgage and Risk — Fulton Market, Chicago, IL
According to HUD data as of 2023, there were 174 mortgage originations in Fulton Market, Chicago, IL, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Fulton Market, 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 | 174 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Fulton Market, Chicago, IL
Fulton Market, Chicago, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 134 |
Total Units Section 8 | 134 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$260 | $2,600 | $2,340 |
| 2 Bedroom | -$1,220 | $3,860 | $2,640 |
| 3 Bedroom | -$2,370 | $5,760 | $3,390 |
| 4 Bedroom | N/A | N/A | $3,980 |
Affordability — Fulton Market, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $333,000 |
| Median Household Income | $139,000 |