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Skokie village, IL

ZIP 60203 — Housing & Real Estate

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

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60203

Median Home Value
$469,400
Median Rent
$1,852
Affordability Snapshot
$129,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,015/mo PITI).

14%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.1 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 60203 in Skokie village, IL, a household would need roughly $129,000 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 $3,015. That sits below the local median household income ($162,208), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
93.9%+44% vs US avg
x
Vacancy Rate
4.7%-55% vs US avg
x
Broadband Access
96.5%+11% vs US avg
x
4+ Bedrooms
10.9%-26% vs US avg
x
Built Pre-1939
19.5%+52% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
10.7%-79% vs US avg
x
Mortgage-Free
37.3%-2% vs US avg
x
$469,400
Home Value
$1,852
Rent
1956
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached67.3%
  • 1-unit attached7.2%
  • 2-9 units8.9%
  • 10+ units16.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$469,400
Median rent$1,852
Owner-occupied93.9%
Vacant4.7%
Price-to-income2.9x
Est. income to buy$129,000