Niles, Illinois.
Typical home $417,723 (+8.2% in a year), asking rent $2,383 (+21.3%). Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$1,183 (+117%) since Jan 2020.
- 1 year
- Up $31,561 +8%
- $386,162$417,723 since Sep 2025
- 5 years
- Up $107,492 +35%
- $310,231$417,723 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Niles$2,193
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Niles, IL rose 8.2% over the past year — faster than the nation's +1.2%.
Asking rents in Niles, IL rose 21.3% over the past year — faster than the nation's +2.7%.
Owning the typical home in Niles runs $921/mo more than renting one. The gap peaked at $999 in May 2025.
That is $3,304 a month against $2,383 rent: a $2,193 mortgage payment, plus $664 property tax and $447 insurance & upkeep.
Owning vs renting — Niles
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,304
- Renting$2,383
- Mortgage only$2,193
Property tax · $664/mo 1.91% of value a year — the ACS 2020-2024 median bill over the median home value for Cook County, IL
Insurance & upkeep · $447/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Niles, Cook County, Illinois
Niles is a village of 30,912 people in Cook County. Half its households earn more than $75,274 a year and half less, against $83,498 across Cook County; 8% of its people live below the poverty line. 75% of its homes are lived in by their owners and 25% are rented. Unemployment in Niles was 5.2% in August 2026, and Cook County had 1.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Niles is a village in Cook County where most homes are lived in by their owners, and the people who live there are older than in many towns. Incomes run a little below the county's, and a four-year degree is held by a fair number of adults. Winters are cold, with January the coldest month and plenty of snow, while July brings warm summer days.
Work. Residents work mostly in schools, hospitals and social care, with shops, professional and business services, and restaurants, hotels and entertainment also employing many. Among the larger workplaces in Niles are Woodward MPC, which makes aircraft assemblies and parts, Park Ridge CCSD 64 Schools, and Costco Wholesale. Unemployment has risen compared with a year earlier, though across Cook County there were slightly more jobs last year than the year before.
Things to do. Wrigley Field, the well-known ballpark, is a short drive away. Farther afield, a longer drive brings you to the Art Institute of Chicago, a museum, and to Millennium Park, a garden in the middle of the city. The Field Museum of Natural History is another longer drive, and it makes a good day out for visitors of any age.
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- 11,481households
- 39%of adults have a degree
- 8%below the poverty line
- 28 mintypical commute
- 11%work from home
What residents work in
Employed residents by industry, from the Census survey. Cook County had 2,594,810 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 19°; warmest in July, with highs near 84° and lows near 66°. About 38 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Chicago Ohare International Airport weather station, 7 miles away (NOAA).
Largest workplaces in Niles
- Woodward MPCAircraft assemblies, subassemblies, and parts manufacturing965
- Park Ridge CCSD 64School district639FTE
- Village of NilesCity and town managers' offices478
- FedExCourier and express delivery services454
- Costco WholesaleWholesale grocer343
- WalmartWarehouse clubs and supercenters314
- BGEInternet retail sales sites, new general merchandise311
- WalmartDiscount department stores265
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 45 workplaces with 20 or more staff, 7,731 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Heat wavesRelatively high
- TornadoesRelatively high
- Inland floodingRelatively high
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Niles’ census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cook County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Niles home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Niles$417,723
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 5 Niles listings, and the typical home goes pending in 13 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Niles21.78%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Niles13
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Niles62
New listings per month
Sellers arriving at the market.
- Niles28
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Niles$387,348
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Niles99.61%
Zip codes with a Niles address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Niles — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.