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Chicago’s Loop among the nation’s 20 most exclusive housing markets

by Drake Pena

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The Chicago Loop neighborhood is one of the most exclusive housing markets in the country, according to a new analysis from HomeUnion.

With an almost $100,000 median household income placing in the 75 percentile, and an average rent of $2,200, the Loop has established itself as one of the most luxurious places to live in the entire country.

Steve Hovland, the director of research for HomeUnion, explained that the study serves as an example for the ever-changing tastes of Millennials.

“Our list of the high-priced neighborhoods and submarkets for renters-by-choice indicates an ongoing shift in preferences among an affluent portion of the U.S. population,” Howland said. “An increasing number of people are renters-by-choice, opting to live within walking distance or a short commute of their office building, workplace, university, community services, or nightlife.”

Check out the full list below to discover some of the wealthiest markets around the country:

Metro AreaSubmarket, City or NeighborhoodMedian Household IncomeAverage SFR RentShare of Renters in Market
New YorkTriBeCa$204,822$8,76238%
San FranciscoFiDi/Rincon Hill$151,879$4,98034%
Northern New JerseyNewport-Jersey City$143,846$2,91046%
Washington, DCHerndon$142,488$2,46227%
Los AngelesManhattan Beach$139,898$6,32325%
San JoseCupertino$129,371$4,38427%
San DiegoCamel Valley$126,841$3,98825%
BostonChestnut Hill$120,993$4,07025%
OaklandRockridge$120,236$4,67026%
Orange CountyCorona Del Mar$119,091$5,10926%
Dallas/Fort WorthHighland Park$108,973$4,26829%
PhiladelphiaBryn Mawr$104,337$2,88926%
SeattleKirkland$103,962$2,79326%
AtlantaBuckhead Heights$100,662$2,30736%
RaleighCarey, NC$99,489$1,97925%
DenverLone Tree, CO$99,398$3,01925%
ChicagoChicago Loop$97,645$2,27540%
HoustonRice Military$97,546$2,85833%
OrlandoBaldwin Park$95,292$2,55334%
NashvilleFranklin$94,458$2,53426%

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