Chicago Listing Count: 1,210

Overview

Founded in 1833 and located in northeastern Illinois at the southwestern corner of Lake Michigan, Chicago is the most important financial and cultural center of the Midwest. The 2007 population of Chicago is 2,850,878, which is 1.40% lower than the population in 2000. Famous for its architecture, glittering shopping malls and restaurants, the city draws millions of tourists every year. It is home to two top research universities in the country, namely the University of Chicago and Northwestern University. It has witnessed a decline in overall crime since the 1990s. Chicago has a wide range of weather conditions with July being the warmest and January, the coldest.

Chicago Real Estate

Chicago is one of the most expensive cities in the US, with its cost of living being 37.50% higher than the national average. The median home cost in the city is now $424,700. Home appreciation has been found to be 10.80% over the last year. The median age of real estate in Chicago is 55 years. More than half (52.07%) of the city’s people live in rented houses, while 7.90% of houses and apartments are vacant.

How to rent or buy Chicago Real Estate

If you have plans to relocate to Chicago, you have to rent or buy a house in a convenient location of the city. The money you can afford will determine the quality of the house. The price of a house will depend on its size, location and other facilities. However, buying or renting a house in Chicago may prove to be a tough job for you to handle alone. It would rather make sense if you hire an experienced real estate agent for the job. Once you tell the agent your budget, preferred location etc. the agent will use all his/her experience and expertise to seal a favorable deal for you. A real estate agent would be the best person to recommend suitable locations and negotiate prices on your behalf. The agent is entitled to receive a certain percentage of the price as commission.

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Keywords: Chicago apartments for Rent, Chicago Real Estate for Sale, Chicago Homes

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