Multi-family Foreclosures in Evanston, IL

Current Market Conditions in Evanston, IL

Evanston's real estate market has shown a steady increase in property values over the past year, driven by high demand for homes and limited inventory. The market remains competitive, particularly for single-family homes, with buyers often facing bidding wars due to the desirable location and amenities.

Investors are increasingly looking to Evanston due to its close proximity to Chicago and the presence of a major university. The rental market is also robust, catering to students and young professionals. Overall, the trends indicate a healthy market with positive 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.