Back to the Suburbs: Chicago Edition

Downtown fell 40%. The suburbs gained 45%. The gap is still widening.

Home prices have soared since the start of the Covid-19 pandemic, but a rising tide has not lifted all boats: home prices in the suburbs and exurbs have risen far faster than city cores. Of the 50 largest U.S. metros, Chicago’s 30-point urban-exurban gap is the third widest in the country (after New York City and San Francisco). The map below shows the …