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Evanston

Learn about the people, housing, costs and businesses in Evanston, Illinois

Median Home$517,758
Median Rent$1,864/month
Population76,340
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare35% public administration
Home Value Growth+9.6% over 2 years
Young Adults33% of residentswell above average
Homeowners56% of occupied units
NotableAmenity Score81/100 · highly walkable area
NotableTransit89/100 · excellent transit access
Evanston
IL

Frequently Asked Questions

What are today's mortgage rates in Evanston?

As of today, the 30-year fixed mortgage rate for Evanston is approximately 6.872% (6.878% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Evanston?

The median home value in Evanston is $518k. The median monthly rent is $1,864. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Evanston?

Home values in Evanston have increased 9.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Evanston?

Based on a typical all-in ownership cost of $2,026/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Evanston is $104k/year.

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What industries drive the economy in Evanston?

The largest employment sectors in Evanston are public administration (35%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.