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.

Home Value$452,257

+5.8%

Rent$2,366/mo

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$90,451 on $452,257

Example: $75,000 household income. Change it above to see your own.

Out of reach52.4% 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$1.93M Winnetka$1.73M Glencoe$1.51M Bannockburn$1.22M Golf$1.19M Hinsdale$1.18M Lake Forest$1.14M South Barrington$1.08M

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.

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Evanston, IL