Wilmette, IL—60091
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wilmette, IL
As of Oct '25, the median home price in Wilmette, IL is $896,000, with a year-over-year change of 6.7%. This indicates that home prices in Wilmette, IL are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $896,000 | 6.7% |
| Single Family | $983,000 | 7.1% |
| Condos | $478,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $269,000 | 7.2% |
2 Bed | $445,000 | 7.5% |
3 Bed | $637,000 | 8.0% |
4 Bed | $1,025,000 | 7.4% |
| 5 Bed | $1,695,000 | 5.6% |
% of Housing Stock
Rental Trends — Wilmette, IL
As of July '25, Rentcast reports the average rent in Wilmette, IL is $4,300, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Wilmette, IL is studios: $2,940, 1-bedrooms: $2,680, 2-bedrooms: $3,210, 3-bedrooms: $4,270, 4-bedrooms: $5,610. The most common rental property sizes in Wilmette, IL are 1-bedroom and 3-bedroom, accounting for 28.1% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $4,300 |
| Studio Rent | $2,940 | $2,940 |
| 1 Bed Rent | $1,720 | $2,680 |
| 2 Bed Rent | $3,100 | $3,210 |
| 3 Bed Rent | $4,150 | $4,270 |
| 4 Bed Rent | $5,000 | $5,610 |
% of Rental Stock
Property Listings — Wilmette, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Wilmette, IL is 33. This is a increase of 2.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,000,000 | 28.0% |
Listing Count | 81 | 3.0% |
| Listings as % of Homes | 0.5% | 3.0% |
Days on Market | 33 | 2.0% |
Demographics — Wilmette, IL
As of the latest ACS Survey released in 2023, Wilmette, IL has a population of 27,400, which has remained stable by 0.0% over the past 5 years. Wilmette, IL is a popular place for families, as children make up 30.0% of the population. The area has a highly educated workforce, with 84.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | 0.0% |
% Under 18 | 30.0% | 5.3% |
% Seniors | 21.0% | 11.1% |
% WFH | 32.0% | 185.7% |
% w/ College Degree | 84.5% | 3.7% |
As of the latest ACS Survey released in 2023, Wilmette, IL is a predominantly white area, with 78.3% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Wilmette, IL is asian, making up 11.9% of the population. Foreign-born residents account for 15.6% of the population in Wilmette, IL, and this percentage has decreased by 7.1% 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 | 78.3% | -2.5% |
% Black | 0.6% | -14.3% |
% Hispanic | 5.0% | 72.4% |
% Asian | 11.9% | -12.5% |
% Foreign Born | 15.6% | -7.1% |
Mortgage and Risk — Wilmette, IL
According to HUD data as of 2023, there were 455 mortgage originations in Wilmette, IL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Wilmette, IL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 455 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Wilmette, IL
As of 2024, the percent of homes in Wilmette, IL under the Section 8 program is 9.0%. 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 units appear to be good home sizes to consider for Section 8 housing in Wilmette, IL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 113 |
Total Units Section 8 | 113 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $520 | $1,720 | $2,240 |
| 2 Bedroom | -$570 | $3,100 | $2,530 |
| 3 Bedroom | -$900 | $4,150 | $3,250 |
| 4 Bedroom | -$1,180 | $5,000 | $3,820 |
Affordability — Wilmette, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $896,000 |
| Median Household Income | $190,000 |