Skokie, IL

Population: 65,112
Average annual home appreciation rate: 6.56%
Total of homes for sale in this market: 81
Median home price: $307,850
Median Rent: $1,194 per room
Home price range: 31.73% of homes are between $211,001 – $316,000
Median sales price: $245,000
Number of homes: 236
Median foreclosure sales price: $186,288
Foreclosure discount: 24%
Most common home type: 54.15% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 8.35%
Number of renters: 26.54%
Number of owner occupied: 73.46%
Number people living below poverty level: 11.35%
Unemployment rate: 4.20%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Skokie area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *