Why Live in Homan Square
Homan Square sits 5 miles west of Chicago’s core. Since the 1990s, revitalization has been steady, and efforts like the Foundation for Homan Square, which has built hundreds of new housing units, have brought about change. The foundation’s townhouses drew many new residents to the neighborhood. Those looking to move to Homan Square can also find condos, workers’ cottages, brick three-flats and greystones in the neighborhood, which accommodates a variety of budgets. The construction of a community center was another significant aspect of the neighborhood's revival. The facility has an indoor pool, a basketball court and a gym. Homan Rails Farm, located behind the community center, teaches gardening techniques to residents. Many parks are within walking distance, including Boler Park, which features a playground, and Garfield Park, which offers sports facilities. Local restaurants, like Soule, line Roosevelt Road. The neighborhood offers easy access to the Chicago-Kansas City Expressway, which can lead to downtown Chicago. Train service is available at the Kedzie-Homan station, and Chicago Transit Authority buses run through the neighborhood. The Illinois Medical District and Chicago O’Hare International Airport are also nearby.
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.
Is Homan Square, IL a safe neighborhood?
Homan Square, IL is less safe than the average neighborhood in the United States. It received a crime score of 9 out of 10.
How much do you need to make to afford a house in Homan Square?
The median home price in Homan Square is $174,450. If you put a 20% down payment of $34,900 and had a 30-year fixed mortgage with an interest rate of 6.19%, your estimated principal and interest payment would be $850 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $36K a year to afford the median home price in Homan Square. Learn how much home you can afford with our
Home Affordability Calculator. 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?
Are home prices dropping in Homan Square?
Yes, home prices in Homan Square are down 11% in the last 12 months.
Home Trends in Homan Square, IL
On average, homes in Homan Square, Chicago sell after 37 days on the market compared to the national average of 53 days. The median sale price for homes in Homan Square, Chicago over the last 12 months is $160,000, down 29% from the median home sale price over the previous 12 months.
Median Sale Price
$160,000
Median Townhouse Sale Price
$133,750
Median 2 Bedroom Sale Price
$160,000
Average Price Per Sq Ft
$110
Number of Homes for Sale
3
Last 12 months Home Sales
7
Median List Price
$174,450
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-29%