The median home in Niles, Illinois is valued at $384,328, up 6.5% year over year. Typical monthly rent is $2,806, producing a price-to-rent ratio of 11.4x — below the national average of 18x. Niles 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$384,328

+6.5%

Rent$2,806/mo

AFFORDABILITY

Enter your income for Niles.

Income (annual)

Down Payment

$76,866 on $384,328

Out of reach — 44.9% of income

Need $120,343/yr to afford.

PITI$2,808

P/I44.9%

Afford$240K

Gap-$145K

P&I $1,943Tax $714Ins $150

Renting $2/mo cheaper ($2,806 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 Niles 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 →

NILES, IL