Uptown, Chicago, IL—60640
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Uptown, Chicago, IL
As of Oct '25, the median home price in Uptown, Chicago, IL is $335,000, with a year-over-year change of 5.8%. This indicates that home prices in Uptown, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $335,000 | 5.8% |
| Single Family | $849,000 | 7.1% |
| Condos | $308,000 | 7.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $197,000 | 3.7% |
2 Bed | $371,000 | 6.3% |
3 Bed | $573,000 | 7.1% |
4 Bed | $1,014,000 | 6.6% |
| 5 Bed | $1,484,000 | 4.3% |
% of Housing Stock
Rental Trends — Uptown, Chicago, IL
As of July '25, Rentcast reports the average rent in Uptown, Chicago, IL is $1,960, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Uptown, Chicago, IL is studios: $1,440, 1-bedrooms: $1,850, 2-bedrooms: $2,580, 3-bedrooms: $3,150, 4-bedrooms: $3,430. The most common rental property sizes in Uptown, Chicago, IL are 1-bedroom and 2-bedroom, accounting for 44.8% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,780 | $1,960 |
| Studio Rent | $1,400 | $1,440 |
| 1 Bed Rent | $1,760 | $1,850 |
| 2 Bed Rent | $2,400 | $2,580 |
| 3 Bed Rent | $3,000 | $3,150 |
| 4 Bed Rent | $3,500 | $3,430 |
% of Rental Stock
Property Listings — Uptown, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Uptown, Chicago, IL is 27. This is a decrease of -13.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $314,000 | 12.0% |
Listing Count | 153 | -4.0% |
| Listings as % of Homes | 0.3% | -4.0% |
Days on Market | 27 | -13.0% |
Demographics — Uptown, Chicago, IL
As of the latest ACS Survey released in 2023, Uptown, Chicago, IL has a population of 66,900, which has decreased by -4.1% over the past 5 years. Uptown, Chicago, IL is a less popular place for families, as children make up 11.6% of the population. The area has a highly educated workforce, with 62.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 66,900 | -4.1% |
% Under 18 | 11.6% | -15.3% |
% Seniors | 13.4% | 3.9% |
% WFH | 27.3% | 307.5% |
% w/ College Degree | 62.6% | 12.0% |
As of the latest ACS Survey released in 2023, Uptown, Chicago, IL is a predominantly white area, with 53.6% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Uptown, Chicago, IL is black, making up 18.1% of the population. Foreign-born residents account for 22.4% of the population in Uptown, Chicago, IL, and this percentage has decreased by 9.3% 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 | 53.6% | -3.1% |
% Black | 18.1% | 6.5% |
% Hispanic | 13.3% | -7.0% |
% Asian | 10.2% | -7.3% |
% Foreign Born | 22.4% | -9.3% |
Mortgage and Risk — Uptown, Chicago, IL
According to HUD data as of 2023, there were 796 mortgage originations in Uptown, Chicago, IL, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Uptown, Chicago, IL. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 796 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Uptown, Chicago, IL
As of 2024, the percent of homes in Uptown, Chicago, IL under the Section 8 program is 15.5%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Uptown, Chicago, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 4,968 |
Total Units Section 8 | 4,006 |
% Rentals under Section 8 | 15.5% |
% Occupied Section 8 | 92.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,760 | $2,000 |
| 2 Bedroom | -$140 | $2,400 | $2,260 |
| 3 Bedroom | -$100 | $3,000 | $2,900 |
| 4 Bedroom | -$90 | $3,500 | $3,410 |
Affordability — Uptown, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $335,000 |
| Median Household Income | $71,000 |