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Cook County Housing Market

Minnesota · 87 counties · Ranked #2631 in home value

Above National Avg

Housing at a Glance

Median Home Value

$294,000

vs national+$294,000 vs $281,900 national

Median Gross Rent

$886/mo

vs national$886 vs $1,163 national

Effective Tax Rate

0.79%

vs national0.79% vs 1.02% national

Median Household Income

$71,643

vs national$71,643 vs $74,755 national

Affordability Ratio

4.1x

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

Rent Burden

23.0%

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

More Housing Data

Property Tax (Median)

$2,322

Tax as % of Home Value

0.79%

Monthly Owner Cost

$1,053

Renter Income

$60,804

Frequently Asked Questions

What is the median home value in Cook County?
The median home value in Cook County is $294,000. This is above the national median of $281,900.
How much is rent in Cook County?
The median gross rent in Cook County is $886 per month.
What is the property tax rate in Cook County?
The effective property tax rate in Cook County is 0.79%. The median annual property tax bill is $2,322.
Is Cook County affordable?
With a home-value-to-income ratio of 4.1x, 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.