In Skokie, a typical home is worth $387,200 and typical rent is $1,552 a month. Compared with all of Cook County, the typical home value is 19% higher, typical household income is 14% higher, and the share of households that own their home is 17 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $318,371 to $427,043.
Typical rent
$2,371a month
▲ 5.2% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,746 to $2,371.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Skokie is in Cook County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Cook County. See the county
What this place has that others do not, from public data, most unusual first.
1
75% of households in Skokie own their home, against 58% in Cook County.
2
The typical home in Skokie is worth $387,200,19% more than in Cook County as a whole ($324,500).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Skokie
What homes there are in Skokie, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Skokie
Cook County
Illinois
United States
Kind of home: Skokie and its comparisons
Measure
Skokie
Cook County
Illinois
United States
Detached house
55%
40%
58%
61%
Attached house
5%
6%
6%
6%
Building of 2 to 4
13%
19%
12%
8%
Apartments (5 or more)
27%
35%
22%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
The detached house rules in Skokie: 55% of homes, more than in Cook County (40%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Skokie
Cook County
Illinois
United States
Year built: Skokie and its comparisons
Measure
Skokie
Cook County
Illinois
United States
Before 1960
54%
49%
38%
26%
1960–1979
32%
25%
26%
24%
1980–1999
7%
14%
20%
25%
2000–2009
6%
8%
11%
14%
2010 or later
2%
5%
6%
11%
In Skokie, half of the homes were built before 1959; in Cook County, before 1961.
Homes in Skokie are bigger: 60% have 3 bedrooms or more; in Cook County, 49%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K2%
$100K–$200K7%
$200K–$300K17%
$300K–$500K53%
$500K–$750K15%
FHA limit: $541,287
$750K–$1M5%
$1M or more3%
Value of owner-occupied homes: Skokie and its comparisons
Measure
Skokie
Under $100K
2%
$100K–$200K
7%
$200K–$300K
17%
$300K–$500K
53%
$500K–$750K
15%
$750K–$1M
5%
$1M or more
3%
About 80% of owner-occupied homes in Skokie are worth less than the FHA loan limit for Cook County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $5005%
$500–$999Unreliable
$1,000–$1,49938%
$1,500–$1,99934%
$2,000–$2,49912%
$2,500–$2,9995%
$3,000 or more3%
Monthly rent with utilities: Skokie and its comparisons
Measure
Skokie
Under $500
5%
$500–$999
Unreliable estimate
$1,000–$1,499
38%
$1,500–$1,999
34%
$2,000–$2,499
12%
$2,500–$2,999
5%
$3,000 or more
3%
With a mortgage
$2,510 a month
Cook County: $2,270 a month
Without a mortgage
$1,030 a month
Cook County: $910 a month
Owners with a mortgage
60%
Cook County: 62%
The typical cost for an owner with a mortgage in Skokie is $2,510 a month, more than in Cook County ($2,270); without one, $1,030.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Skokie+22%
Cook County+32%
Illinois+35%
United States+53%
Typical rent
Skokie+22%
Cook County+28%
Illinois+26%
United States+33%
Typical household income
Skokie+31%
Cook County+29%
Illinois+27%
United States+29%
Change since 2015–2019: Skokie and its comparisons
Measure
Skokie
Cook County
Illinois
United States
Typical home value
+22%
+32%
+35%
+53%
Typical rent
+22%
+28%
+26%
+33%
Typical household income
+31%
+29%
+27%
+29%
From 2015–2019 to 2020–2024, the typical home value in Skokie rose 22%; in Cook County, it rose 32%.
Since 2015–2019, the typical rent in Skokie rose 22%, less than in Cook County (28%).
Here income gained ground: typical income rose 31%, against +22% for home values and +22% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Skokie and its comparisons
Measure
Skokie
Cook County
Illinois
United States
Rental vacancy
Unreliable estimate
4.5%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
1.1%
1.0%
0.9%
More than one person per room
5.3%
3.3%
2.5%
3.4%
People per household
2.68
2.43
2.46
2.53
Drive alone
59%
55%
66%
69%
Carpool
12%
8%
8%
9%
Public transit
4%
12%
6%
3%
Walk or bike
3%
5%
3%
3%
Work from home
20%
19%
16%
15%
Other means
2%
2%
1%
2%
Typical commute
20 to 29 minutes
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
More than one person per room: that is how 5.3% of households in Skokie live, more than in Cook County (3.3%).
More people live in each home here: 2.68 on average, against 2.43 in Cook County.
More people carpool to work in Skokie than in Cook County: 12% against 8%.
Do the math
What would you pay each month for a home in Skokie?
A typical home costs more than the typical income allows
We start with a typical home in Skokie, worth $387,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 45% of the typical household income in Skokie, which is $95,337 a year. For that payment to be 28% of income, a household would need to earn about $153,397 a year.
The calculator's FHA and conventional loan limits are those of all of Cook County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Skokie. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $13,552 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,579
at 7.18% · 30 years
Loan amount
$380,187
Total interest
$547,000
Paid off in
November 2056
Includes $6,539 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,225 a month
Tight
$2,225 to $2,860 a month
Hard
more than $2,860 a month
Your payment · 45%
Compared with the typical household income in Skokie ($95,337 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,576
Property tax
$671
Home insurance
$161
FHA mortgage insurance (MIP)
$171
You need at least $13,552 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,579; principal and interest $2,576.
The city and its county
Skokie and Cook County
Skokie is in Cook County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Skokie
Map of Cook County, Illinois, with Skokie marked. Around it, the neighboring counties.
Skokie
Cook County
Other cities with a page
Skokie's own numbers
Typical home value
$387,200
Typical monthly rent
$1,552
Typical yearly household income
$95,337
Households that own their home
75%
Effective property tax rate
2.08%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Cook County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Cook County.
A typical home in Skokie is worth $387,200: 19% above the county and 47% above Illinois. With the typical household income in Skokie ($95,337 a year), a typical home costs 4.1 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Skokie4.1 years
Cook3.9 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Cook County
According to FHFA’s house price index, home prices in Cook County rose 61% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Cook County.
Yearly change in FHFA’s price index in Cook County, 2016 to 2025
2016: +3.9% +3.9% 2016
2017: +3.2% +3.2% 2017
2018: +2.5% +2.5% 2018
2019: +2.7% +2.7% 2019
2020: +0.9% +0.9% 2020
2021: +7.2% +7.2% 2021
2022: +11.3% +11.3% 2022
2023: +5.7% +5.7% 2023
2024: +6.4% +6.4% 2024
2025: +5.5% +5.5% 2025
Change in FHFA’s price index in Cook County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+5.5%
+5.7%
+2.9%
5 years (2020–2025)
+42%
+47%
+47%
10 years (2015–2025)
+61%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Skokie next to Cook County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Skokie$387,200
Cook$324,500
Illinois$263,300
United States$332,700
Typical monthly rent
Skokie$1,552
Cook$1,435
Illinois$1,274
United States$1,413
Typical yearly household income
Skokie$95,337
Cook$83,498
Illinois$83,390
United States$80,734
See the full table
Skokie next to Cook County and Illinois
Measure
Skokie
Cook County
Illinois
U.S.
Typical home value
$387,200 ▲19% above the county
$324,500
$263,300
$332,700
Typical monthly rent
$1,552 ▲8% above the county
$1,435
$1,274
$1,413
Typical yearly household income
$95,337 ▲14% above the county
$83,498
$83,390
$80,734
Households that own their home
75% ▲17 points above the county
58%
67%
65%
Typical yearly property tax
$8,048 ▲30% above the county
$6,191
$5,298
$3,119
Effective property tax rate
2.08% ▲0.17 points above the county
1.91%
2.01%
0.94%
Renters with high rent for their income
59% ▲10 points above the county
49%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cook County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Skokie
For a typical $387,200 home in Skokie, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Skokie's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,579a month
Least cash to close
Down payment
$13,552
Cash to close
$25,168
Rate
7.18%
Mortgage insurance
FHA MIP · $171
Conventional, 5% down$3,508a month
Down payment
$19,360
Cash to close
$30,976
Rate
7.18%
Mortgage insurance
PMI · $184
Conventional, 20% down, no PMI$2,931a month
Down payment
$77,440
Cash to close
$89,056
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,289a month
Down payment
$58,080
Cash to close
$69,696
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Skokie
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,579
$13,552
$380,187
7.18%
FHA MIP · $171
$25,168
580
Conventional, 5% down
$3,508
$19,360
$367,840
7.18%
PMI · $184
$30,976
620*
Conventional, 20% down, no PMI
$2,931
$77,440
$309,760
7.18%
None
$89,056
620*
ITIN, 15% down (example)
$3,289
$58,080
$329,120
8.18%
None
$69,696
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Skokie is $1,552 a month: 8% above the county. In Skokie, 59% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Cook County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Cook County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,678
$32.27
$67,120
1 bedroom
$1,780
$34.23
$71,200
2 bedrooms
$2,011
$38.67
$80,440
3 bedrooms
$2,586
$49.73
$103,440
4 bedrooms
$2,954
$56.81
$118,160
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Skokie
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Skokie has 3 ZIP codes with their own.
For 2 bedrooms it runs from $2,080 in 60077 to $2,570 in 60203.
3 of the 3 are above the fair market rent for Cook County ($2,011).
2-bedroom fair market rent in each of the 3 ZIP codes of Skokie, beside the one for Cook County. For 2 bedrooms it runs from $2,080 in 60077 to $2,570 in 60203. 3 of the 3 are above the fair market rent for Cook County ($2,011).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $2,011
Lowest: $2,080 (60077)Highest: $2,570 (60203)
Fair market rent by ZIP code and size in Skokie, fiscal year 2027.
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 42 HUD-approved agencies with an office in Cook County; 19 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Skokie or Cook County. The ones below are statewide in Illinois: they work in Skokie the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Skokie or Cook County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Skokie and all of Cook County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Skokie?
The typical home value in Skokie is $387,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cook County it is $324,500.
How much does it cost to rent in Skokie?
Typical rent in Skokie is $1,552 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cook County is $2,011.
What is the FHA loan limit in Skokie?
Skokie uses the FHA limit for all of Cook County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Skokie?
The typical homeowner in Skokie pays $8,048 a year, according to the U.S. Census Bureau. That is 2.08% of the home’s value; in Cook County, the rate is 1.91%.
Where can I find free help to buy or rent in Skokie?
There are 42 HUD-approved counseling agencies with an office in Cook County. 19 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
