Northbrook, IL 60062 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Northbrook, IL—60062

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$656,000

6.1% YoY Growth

Household Income

$143,000

29.8% YoY Growth

Days on Market

2.0% Shorter YoY

Home Price Forecast

2.1%

Median Rent

$3,400

10.7% YoY Growth

1-Bed Rent

$2,120

1.5% YoY Growth

2-Bed Rent

$2,700

3.0% YoY Growth

3-Bed Rent

$3,800

9.7% YoY Growth

Home Price Trends — Northbrook, IL

As of Dec '25, the median home price in Northbrook, IL is $656,000, with a year-over-year change of 6.1%. This indicates that home prices in Northbrook, IL are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$656,000	6.1%
Single Family	$763,000	7.8%
Condos	$391,000	-0.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Northbrook, IL

As of July '25, Rentcast reports the average rent in Northbrook, IL is $3,520, with a year-over-year rent change of 10.7%. Per bedroom, the median rent as of July '25 in Northbrook, IL is studios: $1,280, 1-bedrooms: $2,050, 2-bedrooms: $2,630, 3-bedrooms: $4,060, 4-bedrooms: $4,600. The most common rental property sizes in Northbrook, IL are 2-bedroom and 1-bedroom, accounting for 50.7% and 26.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,400	$3,520
Studio Rent	$1,280	$1,280
1 Bed Rent	$2,120	$2,050
2 Bed Rent	$2,700	$2,630
3 Bed Rent	$3,800	$4,060
4 Bed Rent	$4,500	$4,600

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% of Rental Stock

Studio

7.7%

1 Bedroom

26.1%

2 Bedrooms

50.7%

3 Bedrooms

12.5%

4 Bedrooms

1.6%

5+ Bedrooms

1.3%

Property Listings — Northbrook, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Northbrook, IL is 50. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$672,000	5.0%
Listing Count	99	6.0%
Listings as % of Homes	0.7%	6.0%
Days on Market	54	-2.0%

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Demographics — Northbrook, IL

As of the latest ACS Survey released in 2023, Northbrook, IL has a population of 41,700, which has increased by 3.0% over the past 5 years. Northbrook, IL is a moderately popular place for families, as children make up 20.6% of the population. The area has a highly educated workforce, with 70.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	41,700	3.0%
% Under 18	20.6%	-4.6%
% Seniors	26.7%	-1.5%
% WFH	25.5%	136.1%
% w/ College Degree	70.6%	6.5%

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As of the latest ACS Survey released in 2023, Northbrook, IL is a predominantly white area, with 70.3% of the population identifying as white. The white population has shrunk by 11.0% in the last 5 years. The second most common race or ethnicity in Northbrook, IL is asian, making up 17.5% of the population. Foreign-born residents account for 24.1% of the population in Northbrook, IL, and this percentage has increased by 12.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	70.3%	-11.0%
% Black	3.5%	75.0%
% Hispanic	5.2%	67.7%
% Asian	17.5%	19.9%
% Foreign Born	24.1%	12.1%

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Mortgage and Risk — Northbrook, IL

According to HUD data as of 2023, there were 605 mortgage originations in Northbrook, IL, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Northbrook, IL. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	605
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Northbrook, IL

As of 2024, the percent of homes in Northbrook, IL under the Section 8 program is 1.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Northbrook, IL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	45
Total Units Section 8	45
% Rentals under Section 8	1.4%
% Occupied Section 8	91.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$20	$2,120	$2,100
2 Bedroom	-$330	$2,700	$2,370
3 Bedroom	-$760	$3,800	$3,040
4 Bedroom	-$920	$4,500	$3,580

Northbrook, IL—60062

Key Metrics at a Glance

Home Price Trends — Northbrook, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Northbrook, IL

% of Rental Stock

Property Listings — Northbrook, IL

Demographics — Northbrook, IL

Race and Ethnicity

Mortgage and Risk — Northbrook, IL

Mortgages

Rentals and Section 8 — Northbrook, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Northbrook, IL

Home Price to Income Ratio

Northbrook, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Glenview, IL

Deerfield, IL

Glenview, IL

Highland Park, IL

Glencoe, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$656,000
Median Household Income	$143,000

Northbrook, IL—60062

Key Metrics at a Glance

Home Price Trends — Northbrook, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Northbrook, IL

% of Rental Stock

Property Listings — Northbrook, IL

Demographics — Northbrook, IL

Race and Ethnicity

Mortgage and Risk — Northbrook, IL

Mortgages

Rentals and Section 8 — Northbrook, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Northbrook, IL

Home Price to Income Ratio

Northbrook, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Glenview, IL

Deerfield, IL

Glenview, IL

Highland Park, IL

Glencoe, IL

Frequently Asked Questions

What is the average home price in Northbrook, IL 60062?

How have home prices in Northbrook, IL 60062 changed over the past year?

What is the home price projection for Northbrook, IL 60062?

What are the demographics of Northbrook, IL 60062?

How long does it take homes to sell in Northbrook, IL 60062?

What is the average rent price in Northbrook, IL 60062?