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Albany Park

Albany Park () is one of 77 well-defined community areas of Chicago. Located on the Northwest Side of the City of Chicago with the North Branch of the Chicago River forming its east and north boundaries, it includes the Albany Park neighborhood, one of the most ethnically diverse in the United States. It has one of highest percentages of foreign-born residents of any Chicago neighborhood. Although the majority of those foreign-born residents are from Latin America, mostly from Mexico (especially from the state of Michoacán), Guatemala, and Ecuador, substantial numbers are from the Philippines, India, Korea, Cambodia, Somalia, the former Yugoslavia (Serbia, Croatia, Bosnia), Romania, Pakistan and the Middle East (especially Iraq, Iran, and Lebanon). Over 40 different languages are spoken in its public schools. Due to the diverse population and immigrant population attraction, the population of the neighborhood increased by 16.5% during the 1990s. It is part of the 60625 ZIP code, which is known as one of the most diverse areas in the entire country. (Source: Wikipedia)

Housing stock map

See the share of the area's total housing units that are in single family homes, condominiums, two-to-four unit buildings, buildings with five to 49 units, and buildings with 50 units or more.


The Composition of Cook County’s Housing Market >

Housing market indicators

All of these property level data sets are connected to parcel-level data files from the county Assessors offices that include data on every parcel in the Chicago metropolitan area. All of these parcel-level data sets include historical data and are updated on a regular basis ranging from every week to every year depending on the data set.

Housing Stock Composition

The composition of a neighborhood’s housing stock determines the appropriate targeted strategies for stabilizing local housing markets. Learn more about this data set.

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Housing Units by Property Type


Property Type 2019
Single Family 19.2%
Condominium 13.7%
Building with 2-4 Units 33.0%
Building with 5+ Units 34.0%


Property Sales Activity

This indicator provides information on how active local residential property markets are, what types of properties are being purchased, who is buying them, and how much buyers are paying for properties.

Total Sales Activity

This is the total number of property sales in a given year. In Cook County, data are broken out separately for total sales activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 833 730 516 375 295 328 309 381 437 413 446 517 478 450 408
Single Family 209 156 113 106 102 97 90 118 144 146 163 183 171 142 155
Condominium 465 448 316 217 116 147 134 167 167 152 176 210 195 212 165
Building with 2-4 Units 147 109 76 44 72 79 77 82 112 94 88 104 101 87 81
Building with 5+ Units 12 17 11 8 5 5 8 14 14 21 19 20 11 9 7


Sales per 100 Residential Parcels

This indicator allows users to compare the level of property sales activity across geographies. This data point represents the total number of sales on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 9.6 8.4 6.0 4.3 3.4 3.8 3.6 4.4 5.2 4.9 5.3 6.2 5.7 5.4 4.9


Share of Sales, Business Buyers

This represents a range of investor types from small mom-and-pop investors to large Wall Street-traded equity funds. Heightened levels of single family homes purchased by business buyers is often indicative of a distressed and low priced inventory of homes, and low demand for owner-occupied housing in a neighborhood. In Cook County, this data point is available as the share of total sales activity where the buyer was a business entity by property type (single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units). Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 7.2% 6.0% 5.2% 6.4% 11.5% 14.9% 17.2% 21.3% 24.7% 19.1% 19.1% 16.2% 11.1% 15.3% 13.5%
Single Family 7.7% 5.8% 5.3% 4.7% 5.9% 8.2% 17.8% 16.9% 22.9% 16.4% 19.0% 10.9% 9.9% 14.8% 12.3%
Condominium 4.9% 4.0% 2.2% 3.2% 7.8% 19.0% 12.7% 18.0% 22.2% 12.5% 9.7% 7.6% 6.2% 10.8% 7.9%
Building with 2-4 Units 8.2% 4.6% 6.6% 15.9% 22.2% 11.4% 15.6% 22.0% 24.1% 17.0% 26.1% 27.9% 14.9% 18.4% 21.0%
Building with 5+ Units 75.0% 70.6% 81.8% 62.5% 60.0% 80.0% 100.0% 92.9% 78.6% 95.2% 73.7% 95.0% 81.8% 100.0% 85.7%


Share of Sales, Extremely Low Value

This represents the percent of sales that were purchased for less than $20,000 in a given year. In Cook County, this data point is available as the share of total sales activity that sold for less than $20,000 by property type (single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units). Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 0.2% -- -- -- 0.3% 1.8% 1.6% 0.8% -- 0.2% 0.2% -- -- -- --
Condominium 0.4% -- -- -- 0.9% 4.1% 3.7% 1.8% -- 0.7% 0.6% -- -- -- --


Mortgage Activity

These data measure the flow of mortgage credit into an area and indicates the level of lender investment. The level of mortgage activity in a neighborhood relative to other areas can assess how access to credit has changed over time in a community and how the flow of credit differs across geographies and for different property types.

Total Mortgage Activity

This is the total number of mortgages in a given year. In Cook County, data are broken out separately for total mortgage activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 2,782 2,618 1,983 1,205 985 903 769 1,025 936 716 834 1,023 827 697 809
Single Family 1,026 881 752 503 538 453 357 487 394 306 391 470 345 254 362
Condominium 870 1,010 728 420 267 236 186 280 265 196 218 278 244 224 221
Building with 2-4 Units 831 680 459 231 155 182 184 217 222 162 197 223 198 182 194
Building with 5+ Units 55 47 44 51 25 32 42 41 55 52 28 52 40 37 32


Mortgages per 100 Residential Parcels

Mortgages  per 100 Residential Parcel


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 32.2 30.3 22.9 13.9 11.4 10.4 8.9 11.9 11.1 8.5 9.9 12.2 9.9 8.3 9.7


Foreclosure Filing Activity

This is an indicator of distress in a local housing market and viewing changing levels of activity allows for an understanding of the evolving nature of the foreclosure crisis in a neighborhood.

Total Foreclosure Filings Activity

This is the total number of new foreclosure filings in a given year. In Cook County, data are broken out separately for foreclosure filing activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 32 57 149 252 342 375 257 222 123 61 61 44 47 31 36
Single Family 9 20 52 64 85 101 69 64 37 24 30 21 19 18 22
Condominium 9 15 45 78 132 144 96 84 51 25 14 12 11 7 2
Building with 2-4 Units 14 21 50 106 117 125 83 71 35 12 17 11 17 4 11
Building with 5+ Units -- 1 2 4 8 5 9 3 -- -- -- -- -- 2 1


Foreclosure Filings per 100 Residential Parcels

This indicator allows users to compare the level of foreclosure filing activity across geographies. This data point represents the total number of foreclosure filings on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 0.4 0.7 1.7 2.9 4.0 4.3 3.0 2.6 1.5 0.7 0.7 0.5 0.6 0.4 0.4


Cumulative Foreclosure Filings Activity



Property Type 2019
All Residential Properties 21.3%


Foreclosure Auctions

These are properties that have completed the foreclosure process. Understanding foreclosure auction activity helps determine the flow of year-over-year of REO (real estate owned) properties into a market, how third-party demand at auctions differs based on property types, and the density of REO activity across geographies. The level of completed foreclosure auctions activity in a neighborhood indicates distress in a local housing market.

Total Auction Activity

This is the total number of completed foreclosure auctions in a given year. In Cook County, data are broken out separately for total auction activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 4 6 31 101 117 147 115 108 109 89 54 37 19 18 12
Single Family 2 -- 4 31 29 25 24 21 26 25 19 16 6 9 6
Condominium 1 4 15 29 51 81 62 53 52 35 19 9 6 5 4
Building with 2-4 Units 1 2 12 40 36 38 26 34 31 28 15 12 7 4 2
Building with 5+ Units -- -- -- 1 1 3 3 -- -- 1 1 -- -- -- --


Share of Auctions Resulting in REO

This is the percent of completed foreclosure auctions in a given geography where there were no bidders and the property became bank-owned REO (real estate owned).


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties 25.0% 83.3% 93.5% 97.0% 98.3% 95.9% 95.7% 91.7% 84.4% 91.0% 70.4% 81.1% 52.6% 66.7% 75.0%
Single Family 50.0% -- 75.0% 96.8% 96.6% 100.0% 87.5% 81.0% 76.9% 84.0% 68.4% 87.5% 83.3% 66.7% 83.3%
Condominium -- 100.0% 100.0% 100.0% 100.0% 96.3% 98.4% 98.1% 86.5% 88.6% 84.2% 88.9% 33.3% 40.0% 50.0%
Building with 2-4 Units -- 50.0% 91.7% 95.0% 97.2% 92.1% 96.2% 88.2% 87.1% 100.0% 60.0% 66.7% 42.9% 100.0% 100.0%
Building with 5+ Units -- -- -- 100.0% 100.0% 100.0% 100.0% -- -- 100.0% -- -- -- -- --


REO per 100 Residential Parcels


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
All Residential Properties -- 0.1 0.3 1.1 1.3 1.6 1.3 1.1 1.1 1.0 0.5 0.4 0.1 0.1 0.1


Population and Age

Population and Age


Indicator Value
Total Population 49,806
Share of Population Aged under 18 22.4%
Share of Population Aged 18 to 44 45.3%
Share of Population Aged 45 to 64 22.1%
Share of Population Aged over 65 10.1%


Race and Ethnicity

Race and Ethnicity


Indicator Value
Share of Population that is White 32.2%
Share of Population that is African American 4.9%
Share of Population that is Hispanic or Latino 45.0%
Share of Population that is Asian 14.8%
Share of Population that is Some Other Race 3.0%


Household Income

Household Income


Indicator Value
Total Households 16,909
Share of Households with Income Less than $25,000 18.0%
Share of Households with Income $25,000 to $50,000 22.6%
Share of Households with Income $50,000 to $100,000 31.2%
Share of Households with Income $100,000 or More 28.3%


Poverty Rate

Share of Population that is under the Poverty Level


Indicator Value
Share of Population that is under the Poverty Level 16.2%


Resident Tenure

Total Households


Indicator Value
Total Households 16,909


Share of Households that are Owner-Occupied


Indicator Value
Share of Households that are Owner-Occupied 40.3%


Share of Households that are Renter-Occupied


Indicator Value
Share of Households that are Renter-Occupied 59.7%


Cost Burdened Households

Share of Owner-Occupied Households that are Cost-Burdened


Indicator Value
Share of Owner-Occupied Households that are Cost-Burdened 33.1%


Share of Renter-Occupied Households that are Cost-Burdened


Indicator Value
Share of Renter-Occupied Households that are Cost-Burdened 43.7%


Share of All Households that are Cost-Burdened


Indicator Value
Share of All Households that are Cost-Burdened 39.3%