< back to the Housing Market Indicators Data Portal

Chicago

Chicago, officially the City of Chicago, is one of the largest cities in the United States. As of the 2017 census-estimated population of 2,716,450, Chicago is the third most populous city in the United States after New York and Los Angeles, and the most populous city in both the state of Illinois and the Midwestern United States. It is the county seat of Cook County. Major sections of the city include the central business district, called The Loop, and the North, South, and West Sides. (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.

Housing Units by Property Type

The composition of a neighborhood's housing stock determines the appropriate targeted strategies for stabilizing local housing markets.


Property Type 2023
Single Family 25.7%
Condominium 20.1%
Building with 2-4 Units 23.4%
Building with 5+ Units 30.7%


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 2020 2021 2022 2023
All Residential Properties 67,059 59,328 46,181 31,352 28,061 27,504 24,952 29,945 36,321 34,001 34,906 38,297 40,416 39,550 36,795 31,546 45,792 38,147 28,829
Single Family 23,003 18,810 13,013 9,141 9,914 10,099 9,105 10,415 12,886 11,977 12,319 13,805 14,783 14,594 13,890 12,311 16,190 13,676 10,748
Condominium 31,329 30,062 26,864 17,718 12,263 11,449 10,556 13,865 16,701 15,359 15,850 17,326 18,128 17,705 15,894 13,824 21,475 17,375 12,785
Building with 2-4 Units 11,644 9,585 5,600 4,014 5,534 5,506 4,712 4,993 5,929 5,713 5,763 6,132 6,542 6,291 6,065 4,698 7,083 6,042 4,594
Building with 5+ Units 1,083 871 704 479 350 450 579 672 805 952 974 1,034 963 960 946 713 1,044 1,054 702


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 2020 2021 2022 2023
All Residential Properties 8.9 7.9 6.1 4.2 3.7 3.7 3.3 4.0 5.3 5.0 5.2 5.7 6.0 5.8 5.4 4.7 6.8 5.6 4.2


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 2020 2021 2022 2023
All Residential Properties 9.6% 9.0% 8.7% 13.1% 15.8% 17.8% 18.0% 17.3% 18.9% 17.9% 17.5% 18.0% 18.9% 21.2% 19.3% 14.3% 14.5% 15.8% 17.4%
Single Family 10.1% 9.5% 9.1% 14.2% 16.3% 17.6% 16.0% 17.5% 21.5% 19.2% 18.9% 18.2% 19.1% 20.3% 18.9% 12.8% 14.9% 16.7% 18.9%
Condominium 7.0% 6.2% 5.4% 8.0% 8.3% 11.5% 12.3% 10.7% 9.6% 8.7% 7.7% 9.9% 11.8% 16.1% 12.5% 9.1% 7.6% 7.1% 9.6%
Building with 2-4 Units 11.2% 11.8% 16.5% 25.4% 27.5% 26.6% 26.7% 26.8% 31.1% 30.0% 30.4% 30.1% 29.2% 28.5% 28.5% 23.2% 24.0% 26.0% 25.6%
Building with 5+ Units 57.3% 58.3% 67.8% 75.2% 76.3% 74.2% 81.7% 80.1% 81.0% 79.5% 81.2% 79.6% 77.7% 80.5% 81.6% 84.3% 85.2% 89.1% 83.2%


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 2020 2021 2022 2023
All Residential Properties 0.8% 0.5% 0.5% 3.0% 9.3% 9.1% 7.2% 5.8% 5.2% 4.2% 3.3% 3.1% 2.6% 2.0% 1.7% 0.9% 0.8% 0.9% 0.9%
Single Family 0.7% 0.4% 0.5% 5.2% 12.7% 11.6% 8.9% 8.2% 8.0% 6.6% 5.7% 5.2% 4.4% 3.7% 2.8% 1.3% 1.0% 1.1% 1.3%
Condominium 0.9% 0.6% 0.5% 1.7% 2.5% 4.4% 3.9% 3.0% 1.6% 1.2% 0.8% 0.7% 0.6% 0.5% 0.6% 0.3% 0.7% 0.7% 0.6%
Building with 2-4 Units 0.5% 0.2% 0.4% 4.1% 18.5% 15.1% 12.3% 9.4% 9.7% 7.8% 5.7% 5.3% 4.3% 2.7% 2.1% 1.4% 0.7% 1.1% 1.0%
Building with 5+ Units 0.5% 0.7% 0.1% 1.5% 2.3% 1.6% 1.0% 2.1% 2.6% 1.3% 1.2% 1.3% 1.0% 0.7% 0.6% 0.6% 0.2% 0.7% 0.3%


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 2020 2021 2022 2023
All Residential Properties 198,879 187,608 152,054 92,849 78,419 65,052 56,624 73,183 70,237 51,666 59,579 67,591 58,692 50,836 60,204 79,119 100,558 53,057 34,717
Single Family 90,501 81,950 65,028 38,361 33,998 28,042 24,920 30,679 28,728 21,342 24,950 28,934 25,397 21,947 26,476 35,375 45,015 23,582 15,983
Condominium 62,426 64,491 57,564 38,594 33,827 27,389 22,358 31,141 29,694 20,216 23,397 26,281 21,603 17,779 21,821 31,469 37,552 17,834 10,813
Building with 2-4 Units 42,954 38,479 26,824 13,597 9,439 8,531 8,093 9,856 10,163 8,397 9,543 10,370 9,732 9,247 10,111 10,734 15,869 9,891 6,722
Building with 5+ Units 2,998 2,688 2,638 2,297 1,155 1,090 1,253 1,507 1,652 1,711 1,689 2,006 1,960 1,863 1,796 1,541 2,122 1,750 1,199


Mortgages per 100 Residential Parcels

This indicator allows users to compare the level of mortgage activity across geographies. This data point represents the total number of mortgage liens 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 2020 2021 2022 2023
All Residential Properties 26.4 24.9 20.2 12.3 10.4 8.6 7.5 9.7 10.2 7.6 8.8 10.0 8.7 7.5 8.9 11.7 14.8 7.8 5.1


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 2020 2021 2022 2023
All Residential Properties 8,403 11,409 16,587 21,921 22,452 22,874 18,345 18,402 11,026 7,463 6,356 5,887 5,887 5,449 4,788 1,808 1,273 4,110 2,849
Single Family 4,882 6,128 8,288 10,253 10,357 10,773 8,825 9,383 5,801 4,121 3,683 3,526 3,545 3,290 2,899 1,061 743 2,457 1,659
Condominium 1,026 1,567 2,714 4,695 5,599 6,015 4,780 4,410 2,397 1,363 1,016 875 886 805 668 249 166 639 401
Building with 2-4 Units 2,364 3,498 5,333 6,583 6,012 5,647 4,324 4,239 2,554 1,778 1,536 1,361 1,377 1,248 1,140 430 321 965 716
Building with 5+ Units 131 216 252 390 484 439 416 370 274 201 121 125 79 106 81 68 43 49 73


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 2020 2021 2022 2023
All Residential Properties 1.1 1.5 2.2 2.9 3.0 3.0 2.4 2.4 1.6 1.1 0.9 0.9 0.9 0.8 0.7 0.3 0.2 0.6 0.4


Cumulative Foreclosure Filings Activity

Annual levels of foreclosure filing activity likely do not convey the impact that foreclosure has had in a particular community, as geographies vary in density and size, and the drivers behind the Great Recession foreclosure crisis led to very different annual patterns of foreclosure filing activity across the region. This indicator represents the cumulative impact of foreclosure in a neighborhood measured as the unique share of residential properties that have had at least one foreclosure filing since 2005.


Property Type 2023
All Residential Properties 22.0%


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 2020 2021 2022 2023
All Residential Properties 2,102 2,839 5,677 8,612 9,748 9,183 6,292 7,386 8,714 6,691 5,378 4,062 3,290 2,880 2,231 478 463 1,590 1,154
Single Family 1,259 1,590 2,824 3,894 4,184 3,683 2,553 3,169 3,984 3,321 2,799 2,239 1,925 1,736 1,371 292 305 946 676
Condominium 281 412 844 1,505 2,320 2,826 2,014 2,472 2,604 1,616 1,160 690 503 384 310 64 31 238 184
Building with 2-4 Units 540 803 1,944 3,101 3,129 2,447 1,541 1,620 1,957 1,594 1,300 1,062 812 731 528 114 116 390 265
Building with 5+ Units 22 34 65 112 115 227 184 125 169 160 119 71 50 29 22 8 11 16 29


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 2020 2021 2022 2023
All Residential Properties 70.1% 83.6% 95.1% 98.4% 97.9% 95.7% 94.4% 90.8% 88.9% 87.1% 84.5% 81.2% 75.8% 72.3% 76.2% 73.6% 62.9% 78.6% 73.7%
Single Family 68.4% 81.6% 95.6% 98.7% 98.6% 95.5% 95.8% 91.6% 88.5% 85.7% 84.7% 83.3% 78.2% 73.8% 77.4% 74.0% 61.3% 79.0% 74.1%
Condominium 81.5% 90.8% 94.8% 98.1% 97.8% 96.4% 95.4% 89.8% 89.7% 86.9% 83.2% 72.5% 62.0% 58.9% 64.8% 71.9% 64.5% 73.5% 70.1%
Building with 2-4 Units 68.5% 84.2% 95.2% 98.3% 97.2% 94.9% 91.0% 90.6% 88.7% 90.4% 85.8% 83.5% 78.6% 76.1% 79.9% 73.7% 66.4% 80.0% 73.6%
Building with 5+ Units 59.1% 76.5% 75.4% 93.8% 97.4% 96.5% 94.0% 90.4% 88.8% 83.1% 77.3% 67.6% 78.0% 62.1% 77.3% 75.0% 63.6% 93.8% 89.7%


REO per 100 Residential Parcels

This indicator allows users to compare the level of REO activity across geographies. This data point represents the total number of auctions resulting in REO status 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 2020 2021 2022 2023
All Residential Properties 0.2 0.3 0.7 1.1 1.3 1.2 0.8 0.9 1.1 0.9 0.7 0.5 0.4 0.3 0.3 0.1 -- 0.2 0.1


Population and Age

Reflects the composition of a community's population by age.

Population and Age

Reflects the composition of a community's population by age.


Indicator Value
Total Population 2,720,985


Population and Age

Reflects the composition of a community's population by age.


Indicator Value
Share of Population Aged 18 to 44 43.8%
Share of Population Aged 45 to 64 22.9%
Share of Population Aged over 65 13.3%
Share of Population Aged under 18 20.0%


Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.

Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.


Indicator Value
Share of Population that is Hispanic or Latino 29.0%


Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.


Indicator Value
Share of Population that is White 32.7%


Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.


Indicator Value
Share of Population that is African American 28.4%
Share of Population that is Asian 6.9%
Share of Population that is Some Other Race 3.0%


Household Income

Represents the composition of households by income in a particular geography.

Household Income

Represents the composition of households by income in a particular geography.


Indicator Value
Share of Households with Income Less than $25,000 20.3%


Household Income

Represents the composition of households by income in a particular geography.


Indicator Value
Share of Households with Income $25,000 to $50,000 17.4%
Share of Households with Income $100,000 or More 36.6%
Share of Households with Income $50,000 to $100,000 25.7%


Household Income

Represents the composition of households by income in a particular geography.


Indicator Value
Total Households 1,129,485


Poverty Rate

Reflects the share of the population that is below a current poverty threshold.

Share of Population that is under the Poverty Level


Indicator Value
Share of Population that is under the Poverty Level 16.9%


Resident Tenure

The composition of households by tenure indicates the share of households that rent versus the share of households that own.

Total Households

Represents the composition of households by tenure.


Indicator Value
Total Households 1,129,485


Share of Households that are Owner-Occupied

The composition of households by tenure indicates the share of households that rent versus the share of households that own.


Indicator Value
Share of Households that are Owner-Occupied 45.6%


Share of Households that are Renter-Occupied

The composition of households by tenure indicates the share of households that rent versus the share of households that own.


Indicator Value
Share of Households that are Renter-Occupied 54.4%


Cost Burdened Households

A household is considered to be cost-burdened when more than 30 percent of its income is spent on mortgage, rent, or other housing needs.

Share of Owner-Occupied Households that are Cost-Burdened


Indicator Value
Share of Owner-Occupied Households that are Cost-Burdened 29.4%


Share of Renter-Occupied Households that are Cost-Burdened

A household is considered to be cost-burdened when more than 30 percent of its income is spent on mortgage, rent, or other housing needs.


Indicator Value
Share of Renter-Occupied Households that are Cost-Burdened 48.1%


Share of All Households that are Cost-Burdened


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