Neighborhood Profile

Illinois Medical District

Chicago, IL | Cook County
Scored premium profile
Best Neighborhoods USA Index
40.7
National rank: #10,807 of 14,967
Stability and Strength
30.6
Score
Value Opportunity
20.3
Score
Momentum
85.5
Score
Score note: Rankings show denominators so users always see the size of the eligible cohort.
ContextValue
LocationChicago, IL
CountyCook County
National rank#10,807 of 14,967
State rank#211 of 261
City rank#142 of 179
County rank#152 of 190
National percentile27.8
National bandMIDDLE_50_PERCENT
Neighborhood Expert Opportunity
Become the Neighborhood Expert for this market

Reach consumers while they are actively deciding where to live.

Inquire about this market
Unsold commercial placement. No local expert is currently assigned.

Housing and local fundamentals

Housing and market metricsValue
Current Zillow home value$709,816
Year-over-year home value change8.7%
Month-over-month home value change0.15%
Home value to income ratio20.54
Median household income$34,552
Bachelor's degree or higher50.5%
Civilian unemployment rate10.0%
Homeownership rate17.4%
Housing vacancy rate8.0%
Rent burden 30% or higher41.2%

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 Illinois Medical District

What is the Best Neighborhoods USA ranking for Illinois Medical District?

Illinois Medical District is ranked #142 of 179 eligible neighborhoods in Chicago; #211 of 261 eligible neighborhoods in IL; and #10,807 of 14,967 eligible neighborhoods in the United States.

Is Illinois Medical District one of the best neighborhoods in Chicago?

Illinois Medical District has a Best Neighborhoods USA Index of 40.7 and a city ranking of #142 of 179 eligible neighborhoods in Chicago.

How much are homes worth in Illinois Medical District?

The current Zillow Home Value Index for Illinois Medical District is approximately $709,816.

Are home values rising or falling in Illinois Medical District?

Zillow neighborhood values changed 8.7% year over year and 0.15% month over month.

What is the Neighborhood Momentum Score for Illinois Medical District?

Illinois Medical District has a Neighborhood Momentum Score of 85.5. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.

What is the median household income in Illinois Medical District?

The NDS-derived neighborhood median household income is approximately $34,552.

How affordable is Illinois Medical District relative to household income?

The current Zillow home-value-to-household-income ratio is 20.54. Price-to-income affordability is a major Value Opportunity input.

Is Illinois Medical District primarily homeowners or renters?

The NDS-derived homeownership rate is approximately 17.4%.

What is the unemployment rate in Illinois Medical District?

The NDS-derived civilian unemployment rate is approximately 10.0%.

How educated are residents of Illinois Medical District?

Approximately 50.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.

What share of renters in Illinois Medical District face high rent burden?

Approximately 41.2% 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 Illinois Medical District?

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

FULL_OR_NEAR_FULL

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 applications53
Estimated originations29
Home-purchase applications32
Origination rate54.8%
Home-purchase share60.6%
Average application loan$1,620,011
Total application loan amount$86,246,449
National application rank#6,988 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 29.1% YoY; originations 25.9% 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.