Dunning, Chicago, IL—60634
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dunning, Chicago, IL
As of Oct '25, the median home price in Dunning, Chicago, IL is $354,000, with a year-over-year change of 2.8%. This indicates that home prices in Dunning, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $354,000 | 2.8% |
| Single Family | $367,000 | 3.1% |
| Condos | $251,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $179,000 | 2.3% |
2 Bed | $301,000 | 3.4% |
3 Bed | $357,000 | 2.9% |
4 Bed | $416,000 | 3.5% |
| 5 Bed | $459,000 | 3.8% |
% of Housing Stock
Rental Trends — Dunning, Chicago, IL
As of July '25, Rentcast reports the average rent in Dunning, Chicago, IL is $2,050, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Dunning, Chicago, IL is studios: $1,520, 1-bedrooms: $1,570, 2-bedrooms: $2,130, 3-bedrooms: $2,250. The most common rental property sizes in Dunning, Chicago, IL are 2-bedroom and 1-bedroom, accounting for 43.0% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,050 |
| Studio Rent | $1,250 | $1,520 |
| 1 Bed Rent | $1,360 | $1,570 |
| 2 Bed Rent | $2,100 | $2,130 |
| 3 Bed Rent | $2,000 | $2,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dunning, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Dunning, 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $456,000 | 7.0% |
Listing Count | 123 | -23.0% |
| Listings as % of Homes | 0.4% | -23.0% |
Days on Market | 32 | 11.0% |
Demographics — Dunning, Chicago, IL
As of the latest ACS Survey released in 2023, Dunning, Chicago, IL has a population of 74,400, which has decreased by -2.1% over the past 5 years. Dunning, Chicago, IL is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 27.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 74,400 | -2.1% |
% Under 18 | 20.8% | -4.6% |
% Seniors | 15.2% | 1.3% |
% WFH | 10.3% | 368.2% |
% w/ College Degree | 27.0% | 7.6% |
As of the latest ACS Survey released in 2023, Dunning, Chicago, IL is a predominantly white area, with 47.0% of the population identifying as white. The white population has shrunk by 13.0% in the last 5 years. The second most common race or ethnicity in Dunning, Chicago, IL is hispanic, making up 42.7% of the population. Foreign-born residents account for 32.5% of the population in Dunning, Chicago, IL, and this percentage has decreased by 3.0% 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 | 47.0% | -13.0% |
% Black | 2.9% | 31.8% |
% Hispanic | 42.7% | 11.8% |
% Asian | 6.0% | 9.1% |
% Foreign Born | 32.5% | -3.0% |
Mortgage and Risk — Dunning, Chicago, IL
According to HUD data as of 2023, there were 847 mortgage originations in Dunning, Chicago, IL, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Dunning, Chicago, IL. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 847 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Dunning, Chicago, IL
Dunning, Chicago, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 398 |
Total Units Section 8 | 374 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,360 | $1,460 |
| 2 Bedroom | -$450 | $2,100 | $1,650 |
| 3 Bedroom | $120 | $2,000 | $2,120 |
| 4 Bedroom | N/A | N/A | $2,490 |
Affordability — Dunning, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $354,000 |
| Median Household Income | $85,000 |