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Cook County Housing Market

Illinois · 102 counties · Ranked #2669 in home value

Above National Avg

Housing at a Glance

Median Home Value

$305,200

vs national+$305,200 vs $281,900 national

Median Gross Rent

$1,381/mo

vs national+$1,381 vs $1,163 national

Effective Tax Rate

1.98%

vs national+1.98% vs 1.02% national

Median Household Income

$81,797

vs national+$81,797 vs $74,755 national

Affordability Ratio

3.7x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$6,053

Tax as % of Home Value

1.98%

Monthly Owner Cost

$1,686

Renter Income

$54,142

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Cook County?

The median home value in Cook County is $305,200. This is above the national median of $281,900.

How much is rent in Cook County?

The median gross rent in Cook County is $1,381 per month.

What is the property tax rate in Cook County?

The effective property tax rate in Cook County is 1.98%. The median annual property tax bill is $6,053.

Is Cook County affordable?

With a home-value-to-income ratio of 3.7x, Cook County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.