Niles, IL Real Estate

According to census data in the year 2000 there were 12,336 housing units in Niles. This represents a 11.6% growth from 11,052 in 1990.

Of those housing units, 12,336 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Niles is about 76.2%. Niles's vacancy rate, including seasonal lodging, is about 2%. Average household size is 2.38 people.

The majority of houses, apartments or condos in Niles were built after 1962.


Housing Size

Housing Units by Size
Studio Type2.70%
One Bedroom13.60%
Two Bedrooms31.40%
Three Bedrooms42.30%
Four Bedrooms8.40%
Five Bedrooms or more1.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.53
Median year structure was built1961
Median Value of occupied units$204,400
Median Price asked for vacant units$237,500

Rented Homes, Apartments and Condos

Average Household Size1.92
Median year structure was built1966
Median Monthly Rent asked for vacant units$1,525

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage3.20%
Home Equity Loan6.30%
Simple Mortgage43.20%
Debt Free47.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.4%