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Chicago Lawn

Learn about the people, housing, costs and businesses in Chicago Lawn, Illinois

Median Home$218,118
Median Rent$1,207/month
Population54,409
Leading IndustriesTransportation · Retail · Wholesale Trade3% transportation
Home Value Growth⬆⬆+20.0% over 2 years
Family-Friendly26% of residentswell above average
Homeowners53% of occupied units
Chicago Lawn
IL

Frequently Asked Questions

What are today's mortgage rates in Chicago Lawn?

As of today, the 30-year fixed mortgage rate for Chicago Lawn is approximately 6.984% (7.034% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Chicago Lawn?

The median home value in Chicago Lawn is $218k. The median monthly rent is $1,207. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chicago Lawn?

Home values in Chicago Lawn have increased 20.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Chicago Lawn?

Based on a typical all-in ownership cost of $1,230/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chicago Lawn is $51k/year.

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What industries drive the economy in Chicago Lawn?

The largest employment sectors in Chicago Lawn are public administration (18%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas