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Niles

Learn about the people, housing, costs and businesses in Niles

Median Home$225,804
Median Rent$1,028/month
Population153,288
Leading IndustryRetail19% of local workforce
Home Value Growth⬆⬆+18.5% over 2 years
Retirees21% of residentsabove average nationally
Homeowners73% of occupied units
NotableTransit88/100 · excellent transit access
NotableAmenity Score68/100 · highly walkable area
Niles

Explore Niles

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Niles?›

Mortgage rates for Niles are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Niles?›

The median home value in Niles is $226k. The median monthly rent is $1,028. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Niles?›

Home values in Niles have increased 18.5% over the past two years. This indicates a strong appreciation trend. 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 Niles?›

Based on a typical all-in ownership cost of $1,018/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Niles is $70k/year.

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What industries drive the economy in Niles?›

The largest employment sectors in Niles are public administration (24%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.