Auburn Gresham, Chicago, IL—60620
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Auburn Gresham, Chicago, IL
As of Oct '25, the median home price in Auburn Gresham, Chicago, IL is $174,000, with a year-over-year change of 0.9%. This indicates that home prices in Auburn Gresham, Chicago, IL are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | 0.9% |
| Single Family | $175,000 | 1.2% |
| Condos | $122,000 | -6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $136,000 | 4.6% |
3 Bed | $170,000 | 1.8% |
4 Bed | $216,000 | 2.4% |
| 5 Bed | $262,000 | 2.3% |
% of Housing Stock
Rental Trends — Auburn Gresham, Chicago, IL
As of July '25, Rentcast reports the average rent in Auburn Gresham, Chicago, IL is $1,520, with a year-over-year rent change of 15.2%. Per bedroom, the median rent as of July '25 in Auburn Gresham, Chicago, IL is studios: $988, 1-bedrooms: $1,060, 2-bedrooms: $1,470, 3-bedrooms: $1,820, 4-bedrooms: $1,940. The most common rental property sizes in Auburn Gresham, Chicago, IL are 2-bedroom and 3-bedroom, accounting for 36.8% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,520 |
| Studio Rent | $810 | $988 |
| 1 Bed Rent | $960 | $1,060 |
| 2 Bed Rent | $1,380 | $1,470 |
| 3 Bed Rent | $1,700 | $1,820 |
| 4 Bed Rent | $1,880 | $1,940 |
% of Rental Stock
Property Listings — Auburn Gresham, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Auburn Gresham, Chicago, IL is 43. This is a increase of 14.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 6.0% |
Listing Count | 200 | -8.0% |
| Listings as % of Homes | 0.7% | -8.0% |
Days on Market | 43 | 14.0% |
Demographics — Auburn Gresham, Chicago, IL
As of the latest ACS Survey released in 2023, Auburn Gresham, Chicago, IL has a population of 66,500, which has decreased by -2.3% over the past 5 years. Auburn Gresham, Chicago, IL is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 66,500 | -2.3% |
% Under 18 | 23.7% | 9.7% |
% Seniors | 19.2% | 10.3% |
% WFH | 9.9% | 135.7% |
% w/ College Degree | 20.5% | 25.8% |
As of the latest ACS Survey released in 2023, Auburn Gresham, Chicago, IL is a predominantly black area, with 94.2% of the population identifying as black. The black population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Auburn Gresham, Chicago, IL is hispanic, making up 3.3% of the population. Foreign-born residents account for 2.9% of the population in Auburn Gresham, Chicago, IL, and this percentage has increased by 81.2% 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 | 1.0% | -9.1% |
% Black | 94.2% | -2.3% |
% Hispanic | 3.3% | 153.8% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 2.9% | 81.2% |
Mortgage and Risk — Auburn Gresham, Chicago, IL
According to HUD data as of 2023, there were 609 mortgage originations in Auburn Gresham, Chicago, IL, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Auburn Gresham, Chicago, IL. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 609 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Auburn Gresham, Chicago, IL
As of 2024, the percent of homes in Auburn Gresham, Chicago, IL under the Section 8 program is 32.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Auburn Gresham, Chicago, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 4,571 |
Total Units Section 8 | 4,252 |
% Rentals under Section 8 | 32.6% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $960 | $1,270 |
| 2 Bedroom | $50 | $1,380 | $1,430 |
| 3 Bedroom | $140 | $1,700 | $1,840 |
| 4 Bedroom | $280 | $1,880 | $2,160 |
Affordability — Auburn Gresham, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $174,000 |
| Median Household Income | $48,800 |