VALUED INSIGHTS

Invaluable Valuation Knowledge for the Real Estate Stakeholder

SERIES:
Multifamily Market Updates 2024
MARKET:
  1. Albuquerque MSA | NM
    2024  Q2 | Q3 | Q4
  2. Chicago MSA | IL
    2024  Q2 | Q3 | Q4
  3. Dallas MSA | TX
    2024  Q2 | Q3 | Q4
  4. Denver MSA | CO
    2024  Q2 | Q3 | Q4
  5. Flagstaff MSA | AZ
    2024  Q2 | Q3 | Q4
  6. Houston MSA | TX
    2024  Q2 | Q3 | Q4
  7. Las Vegas MSA | NV
    2024  Q2 | Q3 | Q4
  8. Los Angeles MSA | CA
    2024  Q2 | Q3 | Q4
  9. Orange County MSA | CA
    2024  Q2 | Q3 | Q4
  10. Phoenix MSA | AZ
    2024  Q2 | Q3 | Q4
  11. San Diego MSA | CA
    2024  Q2 | Q3 | Q4
  12. Tucson MSA | AZ
    2024  Q2 | Q3 | Q4
SERIES:
Multifamily Market Updates 2024
MARKET:

Chicago MSA | IL

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Author: Jason D. Beakley, Certified General Appraiser
Published: July 10, 2024

Population Trends
Supply
Demand
Population Estimate
Total Households
Percentage of Income Qualified Households
Income Qualified Households Income Band
Propensity of Renter Occupied Housing
Existing Competitive Supply
Under Construction / Proposed Units
Total Projected Supply
Income Qualified Households (Current Demand)
Friction Vacancy (10%)
Potential Demand in Defined Income Band
Residual Demand
Indicated Penetration Rate
9,442,159
3,726,266
46.1%
1,718,368
51%
876,368
43,818
920,186
594,322
8,278
602,600
317,586
65.5%

Data sourced by Crexi, CoStar & US Census Bureau

Reagan R. Schwarzlose
FRICS | MAI | CRE | CCIM
CEO | Principal
+1-480-440-2842 EXT. 06