Urban Real Estate

Prices Soar In Humboldt Park, Garfield Park

Prices Soar In Humboldt Park, Garfield Park

Single family homes in Humboldt Park and Garfield Park have appreciated the most year-over-year, according to the latest data from the Institute for Housing Studies at DePaul.

Those two neighborhoods posted increases of 21.5 percent in the fourth quarter of 2016. The organization's executive director, Geoff Smith, told Chicago Tonight that the increase was indicating a pattern of investment, development and gentrification.

“What we’re talking about is housing demand, which can stem from amenities like transportation, education or lakefront access, and can really help us understand the economic health of a neighborhood,” Smith said.    

Read the report at Chicago Tonight here.