The Loop, Chicago, IL—60602
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — The Loop, Chicago, IL
As of Nov '25, the median home price in The Loop, Chicago, IL is $242,000, with a year-over-year change of -11.7%. This indicates that home prices in The Loop, Chicago, IL are decreasing. 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 | $242,000 | -11.7% |
| Single Family | N/A | N/A |
| Condos | $227,000 | -13.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $254,000 | 1.2% |
2 Bed | $448,000 | -3.4% |
3 Bed | $887,000 | -6.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — The Loop, Chicago, IL
As of July '25, Rentcast reports the average rent in The Loop, Chicago, IL is $3,460, with a year-over-year rent change of 15.7%. Per bedroom, the median rent as of July '25 in The Loop, Chicago, IL is studios: $1,670, 1-bedrooms: $2,580, 2-bedrooms: $3,380, 3-bedrooms: $7,100, 4-bedrooms: $9,500. The most common rental property sizes in The Loop, Chicago, IL are 3-bedroom and 2-bedroom, accounting for 51.7% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,460 |
| Studio Rent | $1,500 | $1,670 |
| 1 Bed Rent | $2,350 | $2,580 |
| 2 Bed Rent | $3,500 | $3,380 |
| 3 Bed Rent | $7,100 | $7,100 |
| 4 Bed Rent | $9,500 | $9,500 |
% of Rental Stock
Property Listings — The Loop, Chicago, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in The Loop, Chicago, IL is 53. This is a decrease of -25.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $642,000 | -8.0% |
Listing Count | 20 | -30.0% |
| Listings as % of Homes | 3.4% | -30.0% |
Days on Market | 53 | -25.0% |
Demographics — The Loop, Chicago, IL
As of the latest ACS Survey released in 2023, The Loop, Chicago, IL has a population of 1,130, which has decreased by -9.4% over the past 5 years. The Loop, Chicago, IL is a less popular place for families, as children make up 14.4% of the population. The area has a highly educated workforce, with 49.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,130 | -9.4% |
% Under 18 | 14.4% | 20.0% |
% Seniors | 3.6% | 800.0% |
% WFH | 25.6% | 1.2% |
% w/ College Degree | 49.1% | -48.2% |
As of the latest ACS Survey released in 2023, The Loop, Chicago, IL is a predominantly hispanic area, with 45.0% of the population identifying as hispanic. The hispanic population has grown by 592.3% in the last 5 years. The second most common race or ethnicity in The Loop, Chicago, IL is white, making up 30.6% of the population. Foreign-born residents account for 32.6% of the population in The Loop, Chicago, IL, and this percentage has increased by 150.8% 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 | 30.6% | -51.7% |
% Black | 2.8% | -26.3% |
% Hispanic | 45.0% | 592.3% |
% Asian | 21.7% | 11.3% |
% Foreign Born | 32.6% | 150.8% |
Mortgage and Risk — The Loop, Chicago, IL
The Loop, Chicago, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — The Loop, Chicago, IL
The Loop, Chicago, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $2,350 | $2,340 |
| 2 Bedroom | -$860 | $3,500 | $2,640 |
| 3 Bedroom | -$3,710 | $7,100 | $3,390 |
| 4 Bedroom | -$5,520 | $9,500 | $3,980 |
Affordability — The Loop, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $242,000 |
| Median Household Income | $123,000 |