Niles, IL 60714 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Niles, IL—60714

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$384,000

6.4% YoY Growth

Household Income

$78,900

29.9% YoY Growth

Days on Market

18.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$2,000

4.7% YoY Growth

1-Bed Rent

$1,600

17.6% YoY Growth

2-Bed Rent

$1,820

2.8% YoY Growth

3-Bed Rent

$3,000

2.7% YoY Growth

Home Price Trends — Niles, IL

As of Dec '25, the median home price in Niles, IL is $384,000, with a year-over-year change of 6.4%. This indicates that home prices in Niles, IL are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$384,000	6.4%
Single Family	$413,000	6.4%
Condos	$267,000	5.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Niles, IL

As of July '25, Rentcast reports the average rent in Niles, IL is $2,210, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Niles, IL is studios: $1,500, 1-bedrooms: $1,670, 2-bedrooms: $2,100, 3-bedrooms: $2,840, 4-bedrooms: $1,600. The most common rental property sizes in Niles, IL are 1-bedroom and 2-bedroom, accounting for 39.7% and 34.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,210
Studio Rent	$1,500	$1,500
1 Bed Rent	$1,600	$1,670
2 Bed Rent	$1,820	$2,100
3 Bed Rent	$3,000	$2,840
4 Bed Rent	$1,600	$1,600

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% of Rental Stock

Studio

6.0%

1 Bedroom

39.7%

2 Bedrooms

34.1%

3 Bedrooms

14.4%

4 Bedrooms

5.6%

5+ Bedrooms

0.3%

Property Listings — Niles, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Niles, IL is 38. This is a increase of 5.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$382,000	-12.0%
Listing Count	58	5.0%
Listings as % of Homes	0.4%	5.0%
Days on Market	39	18.0%

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Demographics — Niles, IL

As of the latest ACS Survey released in 2023, Niles, IL has a population of 30,500, which has increased by 2.4% over the past 5 years. Niles, IL is a moderately popular place for families, as children make up 17.8% of the population. The area has a moderately educated workforce, with 39.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	30,500	2.4%
% Under 18	17.8%	8.5%
% Seniors	26.1%	1.6%
% WFH	9.8%	292.0%
% w/ College Degree	39.1%	16.7%

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As of the latest ACS Survey released in 2023, Niles, IL is a predominantly white area, with 61.4% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Niles, IL is asian, making up 20.3% of the population. Foreign-born residents account for 42.9% of the population in Niles, IL, and this percentage has increased by 2.4% 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	61.4%	-4.8%
% Black	2.4%	-25.0%
% Hispanic	13.9%	24.1%
% Asian	20.3%	8.6%
% Foreign Born	42.9%	2.4%

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Mortgage and Risk — Niles, IL

According to HUD data as of 2023, there were 288 mortgage originations in Niles, IL, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Niles, IL. Investor activity is low, as 3.0% 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	288
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Niles, IL

As of 2024, the percent of homes in Niles, IL under the Section 8 program is 8.0%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Niles, IL, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	214
Total Units Section 8	214
% Rentals under Section 8	8.0%
% Occupied Section 8	93.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$190	$1,600	$1,410
2 Bedroom	-$230	$1,820	$1,590
3 Bedroom	-$960	$3,000	$2,040
4 Bedroom	$800	$1,600	$2,400

Niles, IL—60714

Key Metrics at a Glance

Home Price Trends — Niles, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Niles, IL

% of Rental Stock

Property Listings — Niles, IL

Demographics — Niles, IL

Race and Ethnicity

Mortgage and Risk — Niles, IL

Mortgages

Rentals and Section 8 — Niles, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Niles, IL

Home Price to Income Ratio

Niles, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Morton Grove, IL

Edgebrook, Chicago, IL

Park Ridge, IL

Golf

Glenview, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$384,000
Median Household Income	$78,900

Niles, IL—60714

Key Metrics at a Glance

Home Price Trends — Niles, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Niles, IL

% of Rental Stock

Property Listings — Niles, IL

Demographics — Niles, IL

Race and Ethnicity

Mortgage and Risk — Niles, IL

Mortgages

Rentals and Section 8 — Niles, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Niles, IL

Home Price to Income Ratio

Niles, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Morton Grove, IL

Edgebrook, Chicago, IL

Park Ridge, IL

Golf

Glenview, IL

Frequently Asked Questions

What is the average home price in Niles, IL 60714?

How have home prices in Niles, IL 60714 changed over the past year?

What is the home price projection for Niles, IL 60714?

What are the demographics of Niles, IL 60714?

How long does it take homes to sell in Niles, IL 60714?

What is the average rent price in Niles, IL 60714?