What is the Best Neighborhoods USA ranking for Homan Square?
Homan Square is ranked #156 of 179 eligible neighborhoods in Chicago; #231 of 261 eligible neighborhoods in IL; and #12,657 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Homan Square
Chicago, IL | Cook County
Scored premium profile
Best Neighborhoods USA Index
33.9
Stability and Strength
11.0
Value Opportunity
16.3
Momentum
95.2
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 | #12,657 of 14,967 |
| State rank | #231 of 261 |
| City rank | #156 of 179 |
| County rank | #167 of 190 |
| National percentile | 15.4 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $260,036 |
| Year-over-year home value change | 6.9% |
| Month-over-month home value change | 1.91% |
| Home value to income ratio | 7.84 |
| Median household income | $33,168 |
| Bachelor's degree or higher | 10.4% |
| Civilian unemployment rate | 15.7% |
| Homeownership rate | 27.7% |
| Housing vacancy rate | 11.8% |
| Rent burden 30% or higher | 64.1% |
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 Homan Square
Is Homan Square one of the best neighborhoods in Chicago?
Homan Square has a Best Neighborhoods USA Index of 33.9 and a city ranking of #156 of 179 eligible neighborhoods in Chicago.
How much are homes worth in Homan Square?
The current Zillow Home Value Index for Homan Square is approximately $260,036.
Are home values rising or falling in Homan Square?
Zillow neighborhood values changed 6.9% year over year and 1.91% month over month.
What is the Neighborhood Momentum Score for Homan Square?
Homan Square has a Neighborhood Momentum Score of 95.2. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Homan Square?
The NDS-derived neighborhood median household income is approximately $33,168.
How affordable is Homan Square relative to household income?
The current Zillow home-value-to-household-income ratio is 7.84. Price-to-income affordability is a major Value Opportunity input.
Is Homan Square primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 27.7%.
What is the unemployment rate in Homan Square?
The NDS-derived civilian unemployment rate is approximately 15.7%.
How educated are residents of Homan Square?
Approximately 10.4% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Homan Square face high rent burden?
Approximately 64.1% 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 Homan Square?
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 applications93
Estimated originations40
Home-purchase applications42
Origination rate42.9%
Home-purchase share45.0%
Average application loan$246,784
Total application loan amount$22,974,999
National application rank#4,627 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 21.5% YoY; originations 42.8% 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.