Niles, IL


Highest Appreciating Niles Neighborhoods Since 2000

Niles, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Niles Housing Market Information

With 29,876 people, 11,202 houses or apartments, and a median cost of homes of $290,154, Niles real estate is some of the most expensive in Illinois, although Niles home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Niles, accounting for 53.72% of the village's housing units. Other types of housing that are prevalent in Niles include large apartment complexes or high rise apartments ( 30.75%), row houses and other attached homes ( 8.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Niles. Owner-occupied housing accounts for 72.85% of Niles's homes, and 49.76% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Niles's housing was primarily built during this period, from the '40s through the '60s. A full 68.10% of the village's housing hails from this era. Other housing ages represented in Niles include homes built between 1970-1999 ( 23.49%) and housing constructed between 2000 and later ( 4.88%). There's also some housing in Niles built before 1939 ( 3.53%).

Niles Home Appreciation Rates

Homes have actually lost value in Niles over the last then years, as home values have seen a decline of 22.11% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Niles home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Niles's appreciation rate, at 5.35%, has been at or slightly above the national average. In the latest quarter, Niles's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Niles's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Niles differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Niles - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Niles real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,166,000 0.4
$874,001 - $1,166,000 0.5
$583,001 - $874,000 5.2
$466,001 - $583,000 6.4
$350,001 - $466,000 20.6
$233,001 - $350,000 37.3
$117,001 - $233,000 21.1
$58,001 - $117,000 6.2
$0 - $58,000 2.2

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
17.2565334583382 10.6329113924051

Number Of Homes And Apartments:

Niles Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.56% 1.28% 5 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,277 / per month

Homeownership Rate

Owners 72.85
Renters 27.15
Vacant 8.82

Housing Market Details


Age of Homes

2000 or Newer 4.9
1970 - 1999 23.5
1940 - 1969 68.1
1939 or Older 3.5

Types of Homes

Single-Family 53.7
Townhomes 8.8
Small Apt. Buildings 6.7
Apt. Complexes 30.8
Mobile Homes 0.1
Other 0.0

Home Size

No Bedroom 1.48
1 Bedroom 13.34
2 Bedrooms 33.53
3 Bedrooms 38.88
4 Bedrooms 10.88
5 or more bedrooms 1.89