Gage Park, Chicago, IL
Gage Park — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Gage Park, Chicago, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Gage Park Neighborhood Overview
Gage Park is a residential neighborhood on Chicago's Southwest Side, centered around its historic 140-acre park. The community is known for its strong sense of local identity and quiet, tree-lined streets. It offers a more affordable alternative to downtown living while maintaining good city connectivity.
Lifestyle & Amenities
The neighborhood's crown jewel is Gage Park itself, featuring a fieldhouse, swimming pool, and expansive green spaces for recreation. Local commercial corridors provide essential shopping and dining options for residents. The area fosters a close-knit community atmosphere with a focus on family life.
Real Estate Market
The real estate market in Gage Park features a median home value of $556,900, according to recent Census data. Current market metrics show a price per square foot of approximately $190.86. This positions the neighborhood as a relatively affordable option within the Chicago market.
Schools & Education
Gage Park is served by Chicago Public Schools, offering several neighborhood elementary options. Families in the area have access to local public schools that serve the community's needs. The specific performance and ratings of individual schools can vary and should be researched independently.
Transportation & Connectivity
The neighborhood is conveniently served by several CTA bus lines along major thoroughfares like Western Avenue and 55th Street. While not directly on an 'L' train line, the Orange Line stations are accessible via bus for a longer commute downtown. Major highways, including the Stevenson Expressway (I-55), are nearby for regional travel.
Why Choose Gage Park
Gage Park appeals to homebuyers seeking value, space, and a traditional neighborhood feel within Chicago's city limits. The combination of affordable home prices, a median household income of $121,294, and access to a large park makes it a practical choice for families. It represents a community-oriented slice of city life with straightforward connections to the wider metropolis.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Gage Park Market Data
| Metric | Value |
|---|---|
| Median Home Price | $557K |
| Median Gross Rent | $3K/mo |
| Median Household Income | $121K |
| Homeownership Rate | 30.5% |
| Renter-Occupied | 69.5% |
| Rental Vacancy Rate | 7.2% |
| Market Type | Buyer's |
| Market Tier | Luxury |
| Primary ZIP Code | 60601 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Gage Park, Chicago
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Gage Park, Chicago, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12