Safe Rate Local
Learn about the people, housing, costs and businesses in South Chicago, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in South Chicago.
True all-in cost — P&I, taxes, insurance & utilities for homes in South Chicago.
Find and compare lenders active near South Chicago.
As of today, the 30-year fixed mortgage rate for South Chicago is approximately 6.955% (7.007% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for South ChicagoThe median home value in South Chicago is $170k. The median monthly rent is $944. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in South Chicago have increased 6.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $963/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Chicago is $42k/year.
Calculate your buying powerThe largest employment sectors in South Chicago are public administration (21%) and information and media (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.
Adjacent counties and areas