Illinois home prices have jumped 48% since 2018 while available housing inventory has plummeted across all 26 tracked metro areas, creating a housing crisis driven largely by restrictive zoning laws and the nation’s highest property taxes.
Policies that make building expensive have continued to choke Illinois’ housing supply, pushing more families away with high prices. Nearly $90K has been added to the average house price since 2018.
A new Illinois Policy Institute analysis finds that adults with no spouse and living with children are most likely to live below the poverty line. Education matters just as much.