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Niles, IL

Full City Profile · Illinois · Lake County County

3.4 /5.0
B Good
30,262 Population 5,173/sq mi density
$78,563 Median Income $41,316 per capita
$350,900 Home Value $388,170 Zillow
$1,247 Median Rent 32.6% income on rent
50°F Avg Temperature 260 sunny days/yr
124 Violent Crime/100K 2,144 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$78,563 median income, 3.8% unemployment
A
Affordability
4.2 / 5.0
$350,900 home value, $1,247/mo rent
F
Safety
1.0 / 5.0
124 violent crimes/100K
A
Education
4.1 / 5.0
39.0% bachelor's degree or higher

Housing Overview

Median Home Value
$350,900
24% above
US avg: $281,900
Median Rent
$1,247/mo
7% above
US avg: $1,163/mo
Homeownership Rate
76.6%
17% above US avg (65.4%)
Total Housing Units
11,919
Median year built: 1965

Home Value by Source

Census Median
$350,900
Zillow (ZHVI)
$388,170
Median Sale Price
$285,000
Median List Price
$409,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

76.6%
Owner-Occupied
23.4%
Renter-Occupied
77%
23%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $1,247/mo · Zillow rent: $2,721/mo

Market Indicators (Redfin)

Median Days on Market
43 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
19
Price Drops
13.8%
of listings with price reduction
Price Per Sq Ft
$218
Active Inventory
58
homes for sale

Affordability & Housing Stock

Rent Burden
32.6%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
76.6%

Complete Housing Data

Home Values

Census Median Value$350,900
Zillow Home Value (ZHVI)$388,170
Median Sale Price$285,000
Median List Price$409,900
Price Per Sq Ft$218

Rent

Census Median Rent$1,247
Zillow Rent (ZORI)$2,721
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market43
Sale-to-List Ratio1.0%
Price Drops13.8%
Homes Sold19
Active Inventory58
Price Per Sq Ft$218

Ownership & Stock

Owner-Occupied76.6%
Renter-Occupied23.4%
Homeownership Rate76.6%
Total Housing Units11,919
Median Year Built1965
Rent Burden32.6%