Homan Square Eviction Risk: High , Chicago

Annualized rent equals 53% of average household income of $24,555, past the 30% affordability line, which thins the margin any screening standard has to work with. Housing insecurity runs 40.2% against 14.2% nationally. Inability to pay a utility bill runs 29.6% against 9.2% nationally. Utility arrears usually lead rent arrears by a month or two.

Pulling hardest the other way is supply constraint at 1.1/10. Against the Cook County average of 6.1, this tract reads riskier for landlords by 2.0 points.

This is renter territory: 75% of occupied units are tenant-occupied. Running hot, local political climate reads 8.5/10. The poverty rate is 31%. Judgments in high-poverty tracts are collectible far less often than filing counts suggest.

At $1,079 a month, rents run 25% under what the rest of Chicago commands. Sitting well above the midpoint, tenant-organizing strength reads 8/10.

51% of renter households cross the 30%-of-income line, above the Cook County average of 45.6%. Court records carry 666 eviction filings across 15 observed years.

The worst year on record was 2001, when 10.7% of renter households were served. This ground was mapped D ("Hazardous") on the 1930s HOLC security maps for Chicago. That grading determined who could get a mortgage, and its imprint on tenure and rent burden is still visible in the ACS data above.

In a typical year about 7.7% of renter households face a filing.

All figures here are ACS 5-year estimates for this tract, refreshed as the underlying releases land.