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Loop

The Loop, one of Chicago's 77 designated community areas, is the central business district in the downtown area of the city. It is home to Chicago's commercial core, City Hall, and the seat of Cook County. Bounded on the north and west by the Chicago River, on the east by Lake Michigan, and on the south by Roosevelt Road (although the commercial core has expanded into adjacent community areas), it is the second largest commercial business district in the United States after Midtown Manhattan and contains the headquarters of many locally and globally important businesses as well as many of Chicago's most famous attractions. In what is now the Loop, on the south bank of the Chicago River near today's Michigan Avenue Bridge, the United States Army erected Fort Dearborn in 1803, the first settlement in the area sponsored by the United States. In the late nineteenth century cable car turnarounds and a prominent elevated railway encircled the area, giving the Loop its name. Around the same time some of the world's earliest skyscrapers were constructed in the area. In 1908, Chicago addresses were made uniform by naming the intersection of State Street and Madison Street in the Loop as the origin of the Chicago street grid. (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 2020
Condominium 60.4%
Building with 5+ Units 39.5%


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
All Residential Properties 2,004 1,506 1,753 1,427 798 725 721 969 949 876 889 986 966 1,179 949 545
Single Family 1 -- -- -- -- 1 -- -- -- -- -- 2 -- -- -- --
Condominium 2,002 1,505 1,752 1,425 798 723 720 968 948 876 885 983 964 1,172 946 545
Building with 5+ Units 1 1 1 2 -- 1 1 1 1 -- 4 1 2 7 3 --


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
All Residential Properties 8.8 6.6 7.7 6.3 3.5 3.2 3.2 4.3 5.4 5.2 5.5 6.0 5.8 7.0 5.7 3.3


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
All Residential Properties 6.8% 6.5% 9.7% 17.6% 10.4% 12.0% 11.2% 10.6% 8.7% 7.1% 7.9% 7.8% 8.6% 33.3% 20.4% 5.9%
Single Family 100.0% -- -- -- -- 100.0% -- -- -- -- -- 100.0% -- -- -- --
Condominium 6.8% 6.4% 9.6% 17.5% 10.4% 11.8% 11.1% 10.5% 8.6% 7.1% 7.5% 7.5% 8.4% 32.9% 20.2% 5.9%
Building with 5+ Units -- 100.0% 100.0% 100.0% -- 100.0% 100.0% 100.0% 100.0% -- 100.0% 100.0% 100.0% 100.0% 100.0% --


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
All Residential Properties 0.3% 0.2% 0.2% 10.5% 1.6% 1.1% 1.2% 1.0% 0.7% 0.3% 0.1% 0.6% 0.8% 0.2% 0.5% 0.7%
Condominium 0.3% 0.2% 0.2% 10.5% 1.6% 1.1% 1.3% 1.0% 0.7% 0.3% 0.1% 0.6% 0.8% 0.2% 0.5% 0.7%


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
All Residential Properties 3,280 2,974 2,888 2,184 1,926 1,582 1,405 1,933 1,761 1,115 1,270 1,513 1,119 907 1,053 1,394
Single Family 3 8 -- 1 1 -- 1 1 2 -- -- 3 -- 1 -- --
Condominium 3,273 2,961 2,881 2,179 1,918 1,578 1,397 1,928 1,756 1,111 1,265 1,506 1,108 895 1,049 1,391
Building with 5+ Units 4 5 7 4 7 4 7 4 3 4 5 4 11 11 4 3


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 2020
All Residential Properties 14.4 13.1 12.7 9.6 8.5 7.0 6.2 8.5 10.0 6.6 7.8 9.2 6.8 5.4 6.3 8.3


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
All Residential Properties 54 67 102 141 170 284 216 152 74 48 37 43 33 49 29 17
Single Family -- -- 1 -- -- -- -- -- -- -- -- -- -- -- -- --
Condominium 54 62 100 139 166 284 214 150 74 48 37 41 33 48 29 13
Building with 5+ Units -- 5 1 2 4 -- 2 2 -- -- -- 2 -- 1 -- 4


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
All Residential Properties 0.2 0.3 0.4 0.6 0.7 1.2 1.0 0.7 0.4 0.3 0.2 0.3 0.2 0.3 0.2 0.1


Cumulative Foreclosure Filings Activity



Property Type 2020
All Residential Properties 7.5%


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
All Residential Properties 9 29 29 37 48 72 75 101 96 56 40 27 19 11 13 4
Condominium 9 29 29 37 48 72 75 101 96 56 40 27 19 11 13 4


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
All Residential Properties 88.9% 82.8% 96.6% 97.3% 97.9% 95.8% 97.3% 85.1% 82.3% 83.9% 70.0% 66.7% 52.6% 45.5% 69.2% 50.0%
Condominium 88.9% 82.8% 96.6% 97.3% 97.9% 95.8% 97.3% 85.1% 82.3% 83.9% 70.0% 66.7% 52.6% 45.5% 69.2% 50.0%


Population and Age

Population and Age


Indicator Value
Total Population 38,655
Share of Population Aged under 18 5.9%
Share of Population Aged 18 to 44 65.8%
Share of Population Aged 45 to 64 18.4%
Share of Population Aged over 65 9.9%


Race and Ethnicity

Race and Ethnicity


Indicator Value
Share of Population that is White 61.7%
Share of Population that is African American 7.8%
Share of Population that is Hispanic or Latino 8.8%
Share of Population that is Asian 18.4%
Share of Population that is Some Other Race 3.3%


Household Income

Household Income


Indicator Value
Total Households 20,723
Share of Households with Income Less than $25,000 12.9%
Share of Households with Income $25,000 to $50,000 9.1%
Share of Households with Income $50,000 to $100,000 23.9%
Share of Households with Income $100,000 or More 54.1%


Poverty Rate

Share of Population that is under the Poverty Level


Indicator Value
Share of Population that is under the Poverty Level 11.9%


Resident Tenure

Total Households


Indicator Value
Total Households 20,723


Share of Households that are Owner-Occupied


Indicator Value
Share of Households that are Owner-Occupied 35.5%


Share of Households that are Renter-Occupied


Indicator Value
Share of Households that are Renter-Occupied 64.5%


Cost Burdened Households

Share of Owner-Occupied Households that are Cost-Burdened


Indicator Value
Share of Owner-Occupied Households that are Cost-Burdened 29.7%


Share of Renter-Occupied Households that are Cost-Burdened


Indicator Value
Share of Renter-Occupied Households that are Cost-Burdened 38.8%


Share of All Households that are Cost-Burdened


Indicator Value
Share of All Households that are Cost-Burdened 35.4%