What income do you need to buy a house in Evanston, IL?
It takes about $161,000/yr to afford the typical Evanston, IL home ($493K, +8.5% past year) at today's rates. Starter homes run around $296K. See if you can afford a house in Evanston (2026 data) — free, no signup.
Market snapshot (2026-08)
- Income needed to buy the typical home: about $161,000/yr (28% front-end ratio, 20% down, 7.03% 30-yr fixed, IL property tax and insurance)
- Typical home value: $493K (Zillow ZHVI, 2026-08)
- 1-year change: +8.5%
- Bottom 35% of homes: $296K
- Top 35% of homes start around: $984K
- Typical rent: $2,438/mo
- Median household income: $96K
- Price-to-income ratio: 5.1
- Estimated payment on the typical home: $2,634/mo principal & interest (20% down, 7.03% 30-yr fixed)
Nearby housing markets
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Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.
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