Why Live in Homan Square
Homan Square, located 5 miles west of downtown Chicago, is a neighborhood undergoing significant revitalization since the late 1990s. The area features a mix of housing styles, including newly built townhomes, condo buildings, worker’s cottages, brick three-flats, and greystones. The neighborhood is known for its grid-like streets, making it easy to walk to local parks and restaurants. The Chicago-Kansas City Expressway borders the north, facilitating convenient commutes to downtown and other parts of the city. A notable development in Homan Square is the 70,000-square-foot community center, which offers an indoor pool, gym, and various health and family services. Adjacent to the community center is Homan Rails Farm, promoting sustainable gardening and seasonal produce harvesting. While yard space is limited, residents enjoy proximity to Boler Park and the expansive Garfield Park, which features baseball diamonds, soccer fields, tennis and basketball courts, and miles of paved trails around a scenic lake. The neighborhood is well-connected with easy access to the Blue L Line at the Kedzie-Homan station and several Chicago Transit Authority bus stops. Dining options include locally owned spots along Roosevelt Road, such as Soule, known for its creole-infused soul food, and Dave’s Red Hots, famous for Chicago-style hot dogs. Grocery shopping is convenient with Freshway Market nearby. The area is zoned for City of Chicago School District 299, with local students attending Gregory Math & Science Academy and Manley Career Academy High School.
Frequently Asked Questions
Is Homan Square a good place to live?
Homan Square is a good place to live. Homan Square is considered fairly walkable and bikeable with great transit options. Homan Square has 7 parks for recreational activities. It is very dense in population with 19.6 people per acre and a median age of 36. The average household income is $38,205 which is below the national average. College graduates make up 11.2% of residents. A majority of residents in Homan Square are renters, with 81.2% of residents renting and 18.8% of residents owning their home. A
local real estate agent serving Homan Square can help you decide if this neighborhood is the right one for you. Learn more on our
Homan Square neighborhood guide.
How much do you need to make to afford a house in Homan Square?
The median home price in Homan Square is $319,950. If you put a 20% down payment of $64,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,660 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $71K a year to afford the median home price in Homan Square. The average household income in Homan Square is $38K.
What are the best public schools in Homan Square?
The best public schools that serve Homan Square are:
What are the best private schools in Homan Square?
The best private schools that serve Homan Square are:
What are the most popular zip codes in Homan Square, Chicago, IL?
What are the most popular neighborhoods near Homan Square, Chicago, IL?
Home Trends in Homan Square, IL
On average, homes in Homan Square, Chicago sell after 76 days on the market compared to the national average of 70 days. The median sale price for homes in Homan Square, Chicago over the last 12 months is $315,000, up 26% from the median home sale price over the previous 12 months.
Median Sale Price
$315,000
Median Single Family Sale Price
$315,000
Average Price Per Sq Ft
$219
Number of Homes for Sale
0
Last 12 months Home Sales
18
Median List Price
$319,950
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
26%