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Chicago • Naperville • Elgin IL-IN-WI
Median Home Price
Down 11.4% since 2011
Down 14.3% since 2014
Up 8.4% since 2011
Deep dish, the Bean and...real estate? Uncovering Chicago’s regional favorites
With a high overall quality of life, Chicago has become a highly-coveted place to live for students, young professionals and families alike. With several top ranking universities and 62,000+ jobs created in 2015 alone, there is no shortage of opportunity in the Windy City. Internationally acclaimed, Chicago is known for its amazing food, history, cultural diversity, art and music scene. The city is home to O’Hare International Airport, the second busiest in the world, as well as host to the world-renowned Lollapalooza Music Festival, Millennium Park and a sports-fan favorite, Wrigley Field.
Home to 62 of the Fortune 1000 companies, the local economy is supported by a handful of thriving industries, including finance, technology and telecommunications. Strong economic momentum has propelled increases in both the housing and rental markets while driving down vacancy and unemployment rates. Combined, these factors make Chicago one of the hottest rental markets in the country and a prime opportunity for investors aiming to find rental properties with potential for long-term cash flow and property appreciation.