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Evanston city, IL

ZIP 60201 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60201

Median Home Value
$577,800
Median Rent
$1,707
Affordability Snapshot
$159,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,712/mo PITI).

22%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.3x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60201 in Evanston city, IL, a household would need roughly $159,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,712. That is about 73% above the local median household income ($92,101), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
54.9%-16% vs US avg
x
Vacancy Rate
8.1%-22% vs US avg
x
Broadband Access
91.6%+5% vs US avg
x
4+ Bedrooms
6.1%-59% vs US avg
x
Built Pre-1939
6.1%-52% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
33.2%-33% vs US avg
x
Mortgage-Free
40.5%+6% vs US avg
x
$577,800
Home Value
$1,707
Rent
1955
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached34.5%
  • 1-unit attached5.2%
  • 2-9 units16.7%
  • 10+ units43.2%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$577,800
Median rent$1,707
Owner-occupied54.9%
Vacant8.1%
Price-to-income6.3x
Est. income to buy$159,000