Foreclosure Homes in Evanston, IL 60203

Current Market Conditions in Evanston, IL

The real estate market in Evanston has been experiencing a steady increase in home values, driven by the demand for housing close to urban amenities while still offering a suburban feel. Investors are drawn to the area due to its stable rental market, fueled by the influx of students and professionals.

The inventory of homes has been low, leading to competitive bidding situations, especially for well-maintained properties. With the ongoing development of new residential projects and the preservation of historical homes, Evanston is poised for continued growth and appreciation in property values.

Rent Prices In Evanston, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Evanston, IL, is on a rollercoaster ride. The average rent price in Evanston, IL, is $2,312.00. Indeed, when looking to rent in Evanston, IL, you can expect to pay as little as $570.00 or as much as $4,720.00, with the average rent median estimated to be $2,280.00. The good news is that finding an affordable and desirable property to rent in Evanston, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.