Loop, Chicago, IL Community Information

Loop, Chicago, IL Homes for Sale

Loop, Chicago, IL Community Information

Population

8,524

Median Age

47.8

Median Household Income

$100,483

Households with Children

15.85%

Median Travel Time to Work

23 minutes

Loop, Chicago, IL Real Estate Market Information

Homes Owned

47.83%

Homes Rented

41.12%

Homes Vacant

11.05%

Loop, Chicago, IL Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

0:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

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Loop, Chicago, IL School Information

Elementary Schools

Primary Schools

Middle Schools

Secondary Schools

High Schools

Other Schools

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Community Age Profile

Community

Transportation

Transportation

Education Levels

Education Levels

Occupation

Occupation

Community

  • Total Population 8,524
  • Total Male Population 4,041
  • Total Female Population 4,483
  • Population change since 2000 51.24%
  • Median age 47.8
  • Percent of households with children 15.85%
  • Personal Crime risk 51

Transportation

  • Median travel time to work 23 minutes
  • Percent using Public transportation 21.61%
  • Percent Driving/Using Carpool 36.24
  • Percent Using Other transportation 33.93%
  • Percent Working From Home 8.22%

Education Levels

  • Some high school 0.80%
  • High school graduate 7.87%
  • Some college 16.16%
  • Associate degree 2.15%
  • Bachelor's degree 30.76%
  • Graduate degree 42.25%

Occupation

  • Agriculture, forestry, and fishing 0.00%
  • Construction 1.12%
  • Manufacturing 5.28%
  • Wholesale Trade 2.07%
  • Retail Trade 5.48%
  • Finance, insurance and real estate 14.65%
  • Services 3.46%
  • Public administration 5.14%
  • Information 3.70%
  • Professional 29.62%
  • Education 19.23%
  • Arts 4.74%

Income

  • Average household income $157,782
  • Income change since 2000 24.16%

Climate

  • Avg. January high/low temp 31.37 / 17.28
  • Avg. July high/low temp 82.69 / 65.10
  • Annual precipitation 37.52
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