What is the Best Neighborhoods USA ranking for The Loop?
The Loop is ranked #110 of 179 eligible neighborhoods in Chicago; #164 of 261 eligible neighborhoods in IL; and #7,228 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
The Loop
Chicago, IL | Cook County
Scored premium profile
Best Neighborhoods USA Index
51.1
Stability and Strength
58.5
Value Opportunity
42.7
Momentum
Not available
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Chicago, IL |
| County | Cook County |
| National rank | #7,228 of 14,967 |
| State rank | #164 of 261 |
| City rank | #110 of 179 |
| County rank | #117 of 190 |
| National percentile | 51.7 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,782,993 |
| Year-over-year home value change | Not available |
| Month-over-month home value change | -2.50% |
| Home value to income ratio | 14.85 |
| Median household income | $120,049 |
| Bachelor's degree or higher | 83.0% |
| Civilian unemployment rate | 5.9% |
| Homeownership rate | 26.8% |
| Housing vacancy rate | 11.1% |
| Rent burden 30% or higher | 44.5% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in The Loop
Is The Loop one of the best neighborhoods in Chicago?
The Loop has a Best Neighborhoods USA Index of 51.1 and a city ranking of #110 of 179 eligible neighborhoods in Chicago.
How much are homes worth in The Loop?
The current Zillow Home Value Index for The Loop is approximately $1,782,993.
Are home values rising or falling in The Loop?
Zillow neighborhood values changed Not available year over year and -2.50% month over month.
What is the Neighborhood Momentum Score for The Loop?
The Loop has a Neighborhood Momentum Score of Not available. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in The Loop?
The NDS-derived neighborhood median household income is approximately $120,049.
How affordable is The Loop relative to household income?
The current Zillow home-value-to-household-income ratio is 14.85. Price-to-income affordability is a major Value Opportunity input.
Is The Loop primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 26.8%.
What is the unemployment rate in The Loop?
The NDS-derived civilian unemployment rate is approximately 5.9%.
How educated are residents of The Loop?
Approximately 83.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in The Loop face high rent burden?
Approximately 44.5% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score The Loop?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications375
Estimated originations217
Home-purchase applications265
Origination rate58.0%
Home-purchase share70.8%
Average application loan$953,718
Total application loan amount$357,292,400
National application rank#857 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 4.2% YoY; originations -4.4% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.