Urban Real Estate

How Much Does It Take To Buy A House In Chicago?

How Much Does It Take To Buy A House In Chicago?

Even as many people find home ownership less affordable, Chicago remains very competitive when viewed from the national level.

In order to buy a home at the national median price of $240,700, a worker needs to earn $52,700 a year, according to a report from HSN.com, a mortgage website. 

While Chicago's median priced home is higher and would require a slightly higher salary ($62,455.94), it's far more affordable than cities like Portland, New York City, Washington , D.C. and San Francisco - in the city by the bay, workers need to earn $161,947.60 to buy the median priced home.

Read more at the Chicago Tribune here.