Skokie, IL—60076
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Skokie, IL
Home Price Trends — Skokie, IL
As of Oct '25, the median home price in Skokie, IL is $430,000, with a year-over-year change of 5.2%. This indicates that home prices in Skokie, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $430,000 | 5.2% |
| Single Family | $447,000 | 5.4% |
| Condos | $263,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $313,000 | 5.7% |
3 Bed | $420,000 | 5.8% |
4 Bed | $501,000 | 5.7% |
| 5 Bed | $716,000 | 5.1% |
% of Housing Stock
Rental Trends — Skokie, IL
As of July '25, Rentcast reports the average rent in Skokie, IL is $2,590, with a year-over-year rent change of 21.0%. Per bedroom, the median rent as of July '25 in Skokie, IL is studios: $1,210, 1-bedrooms: $1,450, 2-bedrooms: $2,180, 3-bedrooms: $2,940, 4-bedrooms: $5,050. The most common rental property sizes in Skokie, IL are 2-bedroom and 3-bedroom, accounting for 38.2% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,590 |
| Studio Rent | $1,120 | $1,210 |
| 1 Bed Rent | $1,500 | $1,450 |
| 2 Bed Rent | $1,900 | $2,180 |
| 3 Bed Rent | $2,950 | $2,940 |
| 4 Bed Rent | $5,200 | $5,050 |
% of Rental Stock
Property Listings — Skokie, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Skokie, IL is 33. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $547,000 | 14.0% |
Listing Count | 59 | -9.0% |
| Listings as % of Homes | 0.5% | -9.0% |
Days on Market | 33 | 1.0% |
Demographics — Skokie, IL
As of the latest ACS Survey released in 2023, Skokie, IL has a population of 33,000, which has increased by 3.5% over the past 5 years. Skokie, IL is a moderately popular place for families, as children make up 24.1% of the population. The area has a highly educated workforce, with 52.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | 3.5% |
% Under 18 | 24.1% | 15.3% |
% Seniors | 21.2% | 1.9% |
% WFH | 16.9% | 207.3% |
% w/ College Degree | 52.0% | 5.3% |
As of the latest ACS Survey released in 2023, Skokie, IL is a predominantly white area, with 49.1% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Skokie, IL is asian, making up 27.7% of the population. Foreign-born residents account for 38.5% of the population in Skokie, IL, and this percentage has decreased by 0.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.1% | 0.4% |
% Black | 11.0% | 23.6% |
% Hispanic | 10.2% | 5.2% |
% Asian | 27.7% | -0.7% |
% Foreign Born | 38.5% | -0.5% |
Mortgage and Risk — Skokie, IL
According to HUD data as of 2023, there were 327 mortgage originations in Skokie, IL, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Skokie, IL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 327 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Skokie, IL
As of 2024, the percent of homes in Skokie, IL under the Section 8 program is 4.2%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Skokie, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 92 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 92.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,500 | $1,690 |
| 2 Bedroom | $10 | $1,900 | $1,910 |
| 3 Bedroom | -$500 | $2,950 | $2,450 |
| 4 Bedroom | -$2,320 | $5,200 | $2,880 |
Affordability — Skokie, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $430,000 |
| Median Household Income | $104,000 |