What are the most expensive neighborhoods in Chicago, IL?

The neighborhoods with the highest median home values in Chicago, IL include: Ravenswood Manor ($955,129), North Center ($805,611), South East Ravenswood ($741,012), Wicker Park ($725,283), East Ukrainian Village ($712,291).

What are the most affordable neighborhoods in Chicago, IL?

The neighborhoods with the lowest median home values in Chicago, IL include: Golden Gate ($92,898), Ford City ($102,389), The Bush ($115,367), Jeffery Manor ($116,232), East Chatham ($117,426).

Which Chicago, IL neighborhoods have the fastest growing home values?

Neighborhoods with the highest year-over-year value growth in Chicago, IL include: Fifth City (31.3%), Ravenswood Manor (16.8%), Douglas Park (16.4%), Ford City (15.6%), Fernwood (13.7%).

Heart of Chicago, IL Housing Market

$359,968

1.7% 1-yr

The average Heart of Chicago, IL home value is $359,968, up 1.7% over the past year. (Updated on 7/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Heart of Chicago Key Takeaways

Typical Home Values: $359,968

1-Year Value Change: +1.7%

(Data through July 31, 2026)

Heart of Chicago Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 6 (July 31, 2026)

New Listings: --

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: --

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: --

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Heart of Italy$310,520
Pilsen$447,894
Douglas Park$301,996
Illinois Medical District--
McKinley Park$353,446
Tri-Taylor$347,085
University Village - Little Italy$393,167
East Pilsen$450,423
Bridgeport$453,969

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Heart of Chicago Rental Market Trends

Average Rent: --

National Average Rent: $1,962 (July 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.