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  1. Home
  2. /Browse ZIP Codes
  3. /Illinois
  4. /Chicago
  5. /Logan Square, Chicago, IL - 60647

Logan Square, Chicago, IL—60647

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$593,000
7.3% YoY Growth
Household Income
$103,000
40.0% YoY Growth
Days on Market
17
13.0% Shorter YoY
Home Price Forecast
2.2%
Median Rent
$2,000
12.2% YoY Growth
1-Bed Rent
$1,880
4.3% YoY Growth
2-Bed Rent
$2,400
1.6% YoY Growth
3-Bed Rent
$2,950
4.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Logan Square, Chicago, IL

As of May '26, the median home price in Logan Square, Chicago, IL is $593,000, with a year-over-year change of 7.3%. This indicates that home prices in Logan Square, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$593,0007.3%
Single Family $836,00010.9%
Condos $516,0007.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $344,000
    8.9%
    2 Bed
    		$486,00010.7%
    3 Bed
    		$708,00011.0%
    4 Bed
    		$1,033,00010.7%
    5 Bed $1,317,57010.6%
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    % of Housing Stock

    Studio
    4.9%
    1 Bedroom
    19.1%
    2 Bedrooms
    38.8%
    3 Bedrooms
    25.7%
    4 Bedrooms
    8.5%
    5+ Bedrooms
    3.0%

    Rental Trends — Logan Square, Chicago, IL

    As of July '25, Rentcast reports the average rent in Logan Square, Chicago, IL is $2,150, with a year-over-year rent change of -12.2%. Per bedroom, the median rent as of July '25 in Logan Square, Chicago, IL is studios: $1,420, 1-bedrooms: $1,930, 2-bedrooms: $2,450, 3-bedrooms: $2,890, 4-bedrooms: $3,810. The most common rental property sizes in Logan Square, Chicago, IL are 2-bedroom and 1-bedroom, accounting for 43.0% and 25.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,150
    Studio Rent $1,350$1,420
    1 Bed Rent $1,880$1,930
    2 Bed Rent $2,400$2,450
    3 Bed Rent $2,950$2,890
    4 Bed Rent $4,000$3,810
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    % of Rental Stock

    Studio
    7.3%
    1 Bedroom
    25.9%
    2 Bedrooms
    43.0%
    3 Bedrooms
    21.2%
    4 Bedrooms
    2.3%
    5+ Bedrooms
    0.4%

    Property Listings — Logan Square, Chicago, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Logan Square, Chicago, IL is 17. 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 3.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$799,00020.0%
    Listing Count
    		138-21.0%
    Listings as % of Homes0.3%-21.0%
    Days on Market
    		17-13.0%
    Loading chart...

    Demographics — Logan Square, Chicago, IL

    As of the latest ACS Survey released in 2023, Logan Square, Chicago, IL has a population of 85,600, which has decreased by -2.2% over the past 5 years. Logan Square, Chicago, IL is a moderately popular place for families, as children make up 16.9% of the population. The area has a highly educated workforce, with 60.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		85,600-2.2%
    % Under 18
    		16.9%-9.1%
    % Seniors
    		7.8%9.9%
    % WFH
    		27.9%365.0%
    % w/ College Degree
    		60.9%16.7%
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    As of the latest ACS Survey released in 2023, Logan Square, Chicago, IL is a predominantly white area, with 48.9% of the population identifying as white. The white population has grown by 10.4% in the last 5 years. The second most common race or ethnicity in Logan Square, Chicago, IL is hispanic, making up 37.1% of the population. Foreign-born residents account for 15.3% of the population in Logan Square, Chicago, IL, and this percentage has decreased by 13.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		48.9%10.4%
    % Black
    		6.2%-4.6%
    % Hispanic
    		37.1%-17.2%
    % Asian
    		4.9%53.1%
    % Foreign Born
    		15.3%-13.1%
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    Mortgage and Risk — Logan Square, Chicago, IL

    According to HUD data as of 2023, there were 965 mortgage originations in Logan Square, Chicago, IL, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Logan Square, Chicago, IL. Investor activity is low, as 6.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		965
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		6.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Logan Square, Chicago, IL

    As of 2024, the percent of homes in Logan Square, Chicago, IL under the Section 8 program is 9.6%. This is considered low, suggesting that the neighborhood is sparsely 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 Logan Square, 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
    		2,753
    Total Units Section 8
    		2,313
    % Rentals under Section 8
    		9.6%
    % Occupied Section 8
    		90.1%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$10$1,880$1,890
    2 Bedroom-$270$2,400$2,130
    3 Bedroom-$210$2,950$2,740
    4 Bedroom-$790$4,000$3,210

    Affordability — Logan Square, Chicago, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.3
    Median Home Price$593,000
    Median Household Income$103,000

    Logan Square, Chicago, IL — ZIP Code Boundary Map

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    Frequently Asked Questions