The Loop, Chicago, IL—60604
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — The Loop, Chicago, IL
As of Oct '25, the median home price in The Loop, Chicago, IL is $302,000, with a year-over-year change of 5.1%. This indicates that home prices in The Loop, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $302,000 | 5.1% |
| Single Family | N/A | N/A |
| Condos | $262,000 | 14.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $467,000 | 0.2% |
3 Bed | N/A | N/A |
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 $2,780, with a year-over-year rent change of 4.5%. Per bedroom, the median rent as of July '25 in The Loop, Chicago, IL is studios: $1,780, 1-bedrooms: $2,200, 2-bedrooms: $3,060, 3-bedrooms: $4,160. The most common rental property sizes in The Loop, Chicago, IL are 2-bedroom and 1-bedroom, accounting for 52.1% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,780 |
| Studio Rent | $1,780 | $1,780 |
| 1 Bed Rent | $2,200 | $2,200 |
| 2 Bed Rent | $2,700 | $3,060 |
| 3 Bed Rent | $3,350 | $4,160 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — The Loop, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in The Loop, Chicago, IL is 40. This is a decrease of -40.0% 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 | $609,000 | -4.0% |
Listing Count | 5 | -24.0% |
| Listings as % of Homes | 2.5% | -24.0% |
Days on Market | 40 | -40.0% |
Demographics — The Loop, Chicago, IL
As of the latest ACS Survey released in 2023, The Loop, Chicago, IL has a population of 653, which has decreased by -16.5% over the past 5 years. The Loop, Chicago, IL is a less popular place for families, as children make up 0.0% of the population. The area has a highly educated workforce, with 96.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 653 | -16.5% |
% Under 18 | 0.0% | -100.0% |
% Seniors | 23.9% | 100.8% |
% WFH | 25.4% | 135.2% |
% w/ College Degree | 96.3% | 10.6% |
As of the latest ACS Survey released in 2023, The Loop, Chicago, IL is a predominantly white area, with 76.1% of the population identifying as white. The white population has grown by 24.1% in the last 5 years. The second most common race or ethnicity in The Loop, Chicago, IL is asian, making up 14.2% of the population. Foreign-born residents account for 20.5% of the population in The Loop, Chicago, IL, and this percentage has decreased by 22.6% 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 | 76.1% | 24.1% |
% Black | 6.1% | 8.9% |
% Hispanic | 3.5% | -18.6% |
% Asian | 14.2% | -52.2% |
% Foreign Born | 20.5% | -22.6% |
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 |
Loan Activity
No data available
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 | $140 | $2,200 | $2,340 |
| 2 Bedroom | -$60 | $2,700 | $2,640 |
| 3 Bedroom | $40 | $3,350 | $3,390 |
| 4 Bedroom | N/A | N/A | $3,980 |
Affordability — The Loop, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $302,000 |
| Median Household Income | $77,800 |