The median home in Evanston, Illinois is valued at $452,257, up 5.8% year over year. Typical monthly rent is $2,366, producing a price-to-rent ratio of 15.9x — near the national average of 18x. Evanston is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$452,257

+5.8%

Rent$2,366/mo

AFFORDABILITY

Enter your income for Evanston.

Income (annual)

Down Payment

$90,451 on $452,257

Out of reach — 52.4% of income

Need $140,443/yr to afford.

PITI$3,277

P/I52.4%

Afford$242K

Gap-$211K

P&I $2,287Tax $840Ins $150

Renting $911/mo cheaper ($2,366 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Evanston with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

EVANSTON, IL