What is the Best Neighborhoods USA ranking for Heart of Chicago?
Heart of Chicago is ranked #115 of 179 eligible neighborhoods in Chicago; #172 of 261 eligible neighborhoods in IL; and #7,628 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Heart of Chicago
Chicago, IL | Cook County
Scored premium profile
Best Neighborhoods USA Index
50.0
Stability and Strength
38.3
Value Opportunity
39.1
Momentum
83.9
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 | #7,628 of 14,967 |
| State rank | #172 of 261 |
| City rank | #115 of 179 |
| County rank | #123 of 190 |
| National percentile | 49.1 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $395,812 |
| Year-over-year home value change | 4.1% |
| Month-over-month home value change | 0.65% |
| Home value to income ratio | 5.81 |
| Median household income | $68,168 |
| Bachelor's degree or higher | 37.6% |
| Civilian unemployment rate | 8.3% |
| Homeownership rate | 34.7% |
| Housing vacancy rate | 9.7% |
| Rent burden 30% or higher | 36.0% |
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 Heart of Chicago
Is Heart of Chicago one of the best neighborhoods in Chicago?
Heart of Chicago has a Best Neighborhoods USA Index of 50.0 and a city ranking of #115 of 179 eligible neighborhoods in Chicago.
How much are homes worth in Heart of Chicago?
The current Zillow Home Value Index for Heart of Chicago is approximately $395,812.
Are home values rising or falling in Heart of Chicago?
Zillow neighborhood values changed 4.1% year over year and 0.65% month over month.
What is the Neighborhood Momentum Score for Heart of Chicago?
Heart of Chicago has a Neighborhood Momentum Score of 83.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Heart of Chicago?
The NDS-derived neighborhood median household income is approximately $68,168.
How affordable is Heart of Chicago relative to household income?
The current Zillow home-value-to-household-income ratio is 5.81. Price-to-income affordability is a major Value Opportunity input.
Is Heart of Chicago primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 34.7%.
What is the unemployment rate in Heart of Chicago?
The NDS-derived civilian unemployment rate is approximately 8.3%.
How educated are residents of Heart of Chicago?
Approximately 37.6% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Heart of Chicago face high rent burden?
Approximately 36.0% 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 Heart of Chicago?
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 applications165
Estimated originations85
Home-purchase applications78
Origination rate51.8%
Home-purchase share47.4%
Average application loan$344,398
Total application loan amount$56,819,798
National application rank#2,645 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -4.7% YoY; originations 1.8% 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.