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Skokie, IL—60076

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$424,000
5.5% YoY Growth
Household Income
$104,000
30.2% YoY Growth
Days on Market
44
3.0% Shorter YoY
Home Price Forecast
2.1%
Median Rent
$2,400
21.0% YoY Growth
1-Bed Rent
$1,500
0.0% YoY Growth
2-Bed Rent
$1,900
14.7% YoY Growth
3-Bed Rent
$2,950
5.4% YoY Growth

Other Zip Codes in Skokie, IL

60077
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Skokie, IL

As of Dec '25, the median home price in Skokie, IL is $424,000, with a year-over-year change of 5.5%. This indicates that home prices in Skokie, 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 TypeMedian Home ValueYoY % Change
All Homes
$424,0005.5%
Single Family $441,0005.8%
Condos $263,0006.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$309,0006.2%
    3 Bed
    		$415,0005.9%
    4 Bed
    		$492,0005.8%
    5 Bed $702,3205.3%
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    4.7%
    2 Bedrooms
    23.1%
    3 Bedrooms
    49.1%
    4 Bedrooms
    15.8%
    5+ Bedrooms
    5.4%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    6.0%
    1 Bedroom
    18.8%
    2 Bedrooms
    38.2%
    3 Bedrooms
    29.3%
    4 Bedrooms
    4.9%
    5+ Bedrooms
    2.8%

    Property Listings — Skokie, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Skokie, IL is 36. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$512,00014.0%
    Listing Count
    		45-12.0%
    Listings as % of Homes0.5%-12.0%
    Days on Market
    		44-3.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		33,0003.5%
    % Under 18
    		24.1%15.3%
    % Seniors
    		21.2%1.9%
    % WFH
    		16.9%207.3%
    % w/ College Degree
    		52.0%5.3%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.4
    Median Home Price$424,000
    Median Household Income$104,000

    Skokie, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Evanston, IL

    60203

    Skokie, IL

    60077

    Lincolnwood, IL

    60712

    Evanston, IL

    60201

    Evanston, IL

    60202

    Frequently Asked Questions