What is the average home price in Evanston, IL 60203?

As of May '26, the median home price in Evanston, IL 60203 is $607,000, based on Zillow home estimates.

How have home prices in Evanston, IL 60203 changed over the past year?

As of May '26, home prices have increased 9.9% over the past year, according to Zillow home estimates data.

What is the home price projection for Evanston, IL 60203?

As of May '26, Zillow projects home prices in Evanston, IL 60203 to increase 2.7% in the next year.

What are the demographics of Evanston, IL 60203?

According to the latest Census, the demographics of Evanston, IL 60203 are 67.8% White, 5.6% Black, 10.8% Asian, 10.2% Hispanic. The population is 4,730, with 28.5% under 18 years old.

How long does it take homes to sell in Evanston, IL 60203?

According to Realtor.com, as of May '26, the median home in Evanston, IL 60203 is on the market for 42 days. This is an increase of 14.0% from last year.

What is the average rent price in Evanston, IL 60203?

The average rent price in Evanston, IL 60203, as of the latest data, is $3,300. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, $3,300, and $3,300 respectively.

View in Interactive Map

Evanston, IL—60203

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$607,000

9.9% YoY Growth

Household Income

$162,000

35.5% YoY Growth

Days on Market

14.0% Longer YoY

Home Price Forecast

2.7%

Median Rent

$3,000

13.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$3,000

10.8% YoY Growth

Other Zip Codes in Evanston, IL

60202 60201

Home Price Trends — Evanston, IL

As of May '26, the median home price in Evanston, IL is $607,000, with a year-over-year change of 9.9%. This indicates that home prices in Evanston, IL are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$607,000	9.9%
Single Family	$660,000	10.4%
Condos	$351,000	13.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$616,000	22.0%
Listing Count	12	59.0%
Listings as % of Homes	0.5%	59.0%
Days on Market	42	14.0%

Metric	Latest Census	YoY % Change
Population	4,730	13.0%
% Under 18	28.5%	7.5%
% Seniors	20.1%	-2.4%
% WFH	32.4%	268.2%
% w/ College Degree	73.9%	-1.1%

Metric	Zip Code Average
Total Loan Originations	57
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	0.0%
% Second Loans	4.0%
% Cash Out Refinance	11.0%

Total Units under HUD	11
Total Units Section 8	11
% Rentals under Section 8	7.8%
% Occupied Section 8	91.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$2,200
2 Bedroom	N/A	N/A	$2,480
3 Bedroom	$190	$3,000	$3,190
4 Bedroom	$440	$3,300	$3,740

Evanston, IL—60203

Key Metrics at a Glance

Other Zip Codes in Evanston, IL

Home Price Trends — Evanston, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Evanston, IL

% of Rental Stock

Property Listings — Evanston, IL

Demographics — Evanston, IL

Race and Ethnicity

Mortgage and Risk — Evanston, IL

Mortgages

Rentals and Section 8 — Evanston, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Evanston, IL

Home Price to Income Ratio

Evanston, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Skokie, IL

Evanston, IL

Wilmette, IL

Evanston, IL

Kenilworth, IL

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$3,000	$3,300
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$3,000	$3,300
4 Bed Rent	$3,300	$3,300

Metric	Latest Census	5-Year % Change
% White	67.8%	-1.6%
% Black	5.6%	-55.9%
% Hispanic	10.2%	104.0%
% Asian	10.8%	6.9%
% Foreign Born	17.0%	14.9%

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$607,000
Median Household Income	$162,000