What is the Best Neighborhoods USA ranking for West Loop Gate?
West Loop Gate is ranked #86 of 179 eligible neighborhoods in Chicago; #134 of 261 eligible neighborhoods in IL; and #5,193 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
West Loop Gate
Chicago, IL | Cook County
Scored premium profile
Best Neighborhoods USA Index
56.5
Stability and Strength
65.3
Value Opportunity
46.5
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 | #5,193 of 14,967 |
| State rank | #134 of 261 |
| City rank | #86 of 179 |
| County rank | #91 of 190 |
| National percentile | 65.3 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $2,152,974 |
| Year-over-year home value change | Not available |
| Month-over-month home value change | -3.75% |
| Home value to income ratio | 17.11 |
| Median household income | $125,842 |
| Bachelor's degree or higher | 88.6% |
| Civilian unemployment rate | 4.3% |
| Homeownership rate | 24.9% |
| Housing vacancy rate | 8.5% |
| Rent burden 30% or higher | 34.4% |
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 West Loop Gate
Is West Loop Gate one of the best neighborhoods in Chicago?
West Loop Gate has a Best Neighborhoods USA Index of 56.5 and a city ranking of #86 of 179 eligible neighborhoods in Chicago.
How much are homes worth in West Loop Gate?
The current Zillow Home Value Index for West Loop Gate is approximately $2,152,974.
Are home values rising or falling in West Loop Gate?
Zillow neighborhood values changed Not available year over year and -3.75% month over month.
What is the Neighborhood Momentum Score for West Loop Gate?
West Loop Gate 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 West Loop Gate?
The NDS-derived neighborhood median household income is approximately $125,842.
How affordable is West Loop Gate relative to household income?
The current Zillow home-value-to-household-income ratio is 17.11. Price-to-income affordability is a major Value Opportunity input.
Is West Loop Gate primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 24.9%.
What is the unemployment rate in West Loop Gate?
The NDS-derived civilian unemployment rate is approximately 4.3%.
How educated are residents of West Loop Gate?
Approximately 88.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in West Loop Gate face high rent burden?
Approximately 34.4% 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 West Loop Gate?
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 applications192
Estimated originations128
Home-purchase applications151
Origination rate66.7%
Home-purchase share78.3%
Average application loan$737,170
Total application loan amount$141,789,370
National application rank#2,176 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 7.0% YoY; originations 10.0% 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.