Niles, IL 60714 - Real Estate Investment Insights & Performance Data

Welcome to our 60714 real estate data hub, tailored for investors in Niles, IL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 60714 in Niles, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in COOK COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Niles, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Niles property market.

• Location Overview

  • Zip Code: 60714
  • City: Niles
  • State: IL
  • Metro Area: Chicago-Naperville-Elgin, IL-IN-WI
  • County Name: COOK COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $329,937
  • Average Home Price (Single Family Homes): $351,553
  • Average Monthly Rental Price (All Types): $2,200
  • Price-to-Rent Ratio: 12
  • Zillow Projected % appreciation from 4/2023-4/2024: -1.8%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,360
  • Average 3 Bedroom Section 8 Rental Rates: $1,730
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 20.22
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.89
  • Number of Units Offered in Section 8 in the County: 43099
  • Number of Occupied Units in Section 8 in the County: 40727
  • Percentage of Section 8 Units Occupied in the County: 94.5%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 126.73
  • Total % Appreciation since 2000 (Government Data): 56.04
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 1%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.83%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 15.82%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 17.7%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.7%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.15%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.68%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%