Evanston, IL has seen a slightly lower rate of house appreciation than the US average in the past year, with a 5.86% increase in median value versus the 8.27% national average. Despite this, Evanston's median housing value remains significantly higher than the US average at $424,900 compared to $338,100. This indicates that real estate in Evanston is an attractive option for potential buyers or investors looking to get into the local market.
The median home cost in Evanston is $424,900. Home appreciation the last 10 years has been 53.5%. Home Appreciation in Evanston is up 11.7%.
Average Age of Homes
- The median age of Evanston real estate is 74 years old
The Rental Market in Evanston
- Renters make up 40.6% of the Evanston population
- 3.1% of houses and apartments in Evanston, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.