Property records in Chicago indicate that the average home value in Chicago is just over $700,000, according to data from Real Estate Investor.
This is far below the average in most of the nation, and far below even the average rent for Chicagoans.
In fact, according the data, Chicago has the lowest average rent in the United States, at just $1,724 per month.
The average price for a single-family home in Chicago in December was $9,200, according Rent.com.
This compares to $12,000 for a two-bedroom apartment, $13,500 for a three-bedroom, and $18,500 a four-bedroom in New York City.
In Chicago, the average rental price is only $3,845 per month, far below what it was in 2012.
In comparison, rents in San Francisco, the nation’s most expensive rental market, are over $3.2 million per month and $4,500 per month in Miami, according Real Estate Investment Trust.
However, rent in New England and New York is much more affordable than in Chicago.
For example, the median rent for a one-bedroom is just $4 per month while in New Jersey it is $3 per month for a 1-bedroom.
As of December 31, 2015, the New York-New Jersey median rent was $1.5 million, compared to $3 million in Chicago, according Realtor.com and Zillow.com data.
However the data shows that most of Chicago’s housing is owned by foreign-owned companies, which are often the owners of property.
According to data released by the U.S. Census Bureau, the majority of Chicago renters pay a property tax that is more than double the federal minimum.
This tax is the property tax on rent paid on all rental properties in Chicago and the state of Illinois.
The data also shows that the median home value for Chicago in November was $415,000.
This would be a $17,000 increase over the average annual rent in November 2015.
However for renters in Chicago who are renting out their homes, the data also showed that median home values in Chicago are more than triple the average.
For a one bedroom, a one, two-bathroom, or three bedroom apartment in Chicago would cost $1 million or more in 2016, according Zillowing.com figures.
Meanwhile, the cost of a one room apartment in a two bedroom in Chicago at $800,000 is only slightly less than the median house price in New Orleans.
Renters in Chicago have also been impacted by the high cost of real estate, according.
Real Estate Market in Chicago reported in January that the city had lost an average of 1,200 new jobs a month since January.
The report also reported that a record number of jobs were lost in the last year in the manufacturing and construction industries, and a record total of 9,000 vacant housing units were reported in Chicago between January and November.