Winnetka, IL—60093
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winnetka, IL
As of Oct '25, the median home price in Winnetka, IL is $1,394,000, with a year-over-year change of 5.9%. This indicates that home prices in Winnetka, IL are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,394,000 | 5.9% |
| Single Family | $1,550,000 | 6.1% |
| Condos | $477,000 | 5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $259,000 | 5.3% |
2 Bed | $460,000 | 7.7% |
3 Bed | $780,000 | 6.6% |
4 Bed | $1,312,000 | 6.8% |
| 5 Bed | $2,212,000 | 5.5% |
% of Housing Stock
Rental Trends — Winnetka, IL
As of July '25, Rentcast reports the average rent in Winnetka, IL is $2,920, with a year-over-year rent change of 3.9%. Per bedroom, the median rent as of July '25 in Winnetka, IL is studios: $1,800, 1-bedrooms: $2,000, 2-bedrooms: $2,420, 3-bedrooms: $4,930, 4-bedrooms: $7,700. The most common rental property sizes in Winnetka, IL are 1-bedroom and 3-bedroom, accounting for 25.9% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,140 | $2,920 |
| Studio Rent | $1,800 | $1,800 |
| 1 Bed Rent | $2,000 | $2,000 |
| 2 Bed Rent | $2,400 | $2,420 |
| 3 Bed Rent | $4,440 | $4,930 |
| 4 Bed Rent | $7,500 | $7,700 |
% of Rental Stock
Property Listings — Winnetka, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Winnetka, IL is 35. 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,890,000 | -7.0% |
Listing Count | 66 | -18.0% |
| Listings as % of Homes | 0.6% | -18.0% |
Days on Market | 35 | -5.0% |
Demographics — Winnetka, IL
As of the latest ACS Survey released in 2023, Winnetka, IL has a population of 20,200, which has increased by 3.7% over the past 5 years. Winnetka, IL is a popular place for families, as children make up 28.6% of the population. The area has a highly educated workforce, with 81.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,200 | 3.7% |
% Under 18 | 28.6% | -4.0% |
% Seniors | 19.6% | 3.7% |
% WFH | 27.2% | 151.9% |
% w/ College Degree | 81.8% | -1.9% |
As of the latest ACS Survey released in 2023, Winnetka, IL is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Winnetka, IL is hispanic, making up 7.1% of the population. Foreign-born residents account for 11.8% of the population in Winnetka, IL, and this percentage has increased by 7.3% 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 | 84.1% | -2.8% |
% Black | 0.3% | 0.0% |
% Hispanic | 7.1% | 22.4% |
% Asian | 4.3% | -17.3% |
% Foreign Born | 11.8% | 7.3% |
Mortgage and Risk — Winnetka, IL
According to HUD data as of 2023, there were 339 mortgage originations in Winnetka, IL, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Winnetka, 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 | 339 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Winnetka, IL
As of 2024, the percent of homes in Winnetka, IL under the Section 8 program is 0.2%. 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 Winnetka, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $2,000 | $2,230 |
| 2 Bedroom | $120 | $2,400 | $2,520 |
| 3 Bedroom | -$1,200 | $4,440 | $3,240 |
| 4 Bedroom | -$3,700 | $7,500 | $3,800 |
Affordability — Winnetka, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $1,394,000 |
| Median Household Income | $231,000 |