Real Estate Values and Property Tax Valuation in Cook County, Illinois

Cook County has a total of 1,353,964 properties with a cumulative value of $326.5B, making up 46.53% of all real estate value in Illinois. Property taxes in Cook County totaled $7.8B, with the average homeowner paying $5,866 in property taxes, which is slightly higher than the state average of $5,405. The average property tax rate in Cook County is 2.38%, which is lower than the state average of 2.47%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the market value.

In Illinois, property taxes are based on the value of the property as of January 1st. Property owners have the option to appeal their property taxes between June and December, or within 30 days of when the notices are published. Property tax bills are issued on February 1st and July 1st, with the first installment due on June 1st in Cook County. This first installment is estimated at 55% of the prior year's tax bill, with taxes paid in arrears.

Important Dates
Property Valuation Date:January 1st
Property Tax Appeal Deadline:June - December or 30 days after notices are published
Property Tax Bills Issued:February 1st and July 1st
Real Property Tax Bill Due (1st of #):June, Two installments but due dates may vary by county March 1st, Cook County - 1st half installment, estimated at 55% of prior year tax bill with taxes paid in arrears.
Real Property Tax Bill Due (2nd of #):September, Two installments but due dates may vary by county August 1, Cook County - 2nd half installment - TARGETED but may be delayed - due 30 days after being issued. Reconciled installment using the BOR certified AV, actual local tax rate, and final state equalization factor, less the estimated 1st installment with taxes paid in arrears
Available Exemptions
SeniorAvailable
DisabledAvailable
HomesteadAvailable
VeteranAvailable
Solar/WindAvailable
CharitableAvailable

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Real Estate Statistics in Cook County

Total Real Estate Value
$326.5B
Total Real Property Taxes
$7.8B
Average Property Tax Rate
2.38%
# of Real Properties
1.4M

Residential Property Taxes by Cities in Cook County

Cook County has an average property tax rate of 2.38%, which is slightly higher than the national average of 1.08%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Cook County vary significantly from city to city, with Park Forest having the highest effective property tax rate at 7.07%, and Countryside having the lowest at 1.9%. This means that homeowners in Park Forest will pay more than three times the amount of taxes than those in Countryside.

Overall, Cook County has a higher than average property tax rate, but the rates vary significantly from city to city. Homeowners should be aware of the differences in rates when considering where to purchase a home, as the amount of taxes due can vary greatly.

Tax Assessment Value

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Cook County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Alsip$57,634$118,240$157,230$184,962$216,662
Arlington Heights$93,720$177,738$284,975$357,300$440,285
Barrington$237,280$316,360$431,090$610,890$825,752
Bartlett$100,570$183,250$224,860$280,500$331,240
Bellwood$104,158$142,130$156,760$174,070$182,194
Berkeley$166,956$175,035$181,090$188,390$202,540
Berwyn$118,980$162,630$184,325$199,448$222,792
Blue Island$45,459$74,755$102,390$126,800$152,648
Bridgeview$91,560$146,735$173,555$200,205$236,890
Broadview$119,510$153,710$169,560$179,720$188,440
Brookfield$108,040$174,340$212,900$235,970$270,870
Buffalo Grove$71,760$120,120$210,485$268,610$310,155
Burbank$88,980$146,480$172,400$197,768$246,716
Burr Ridge$8,340$289,128$481,680$725,615$1,087,492
Calumet City$40,970$65,585$73,190$110,290$120,370
Calumet Park$56,720$69,590$75,940$81,730$96,310
Chicago$59,360$106,830$184,870$294,450$470,030
Chicago Heights$38,444$54,135$88,520$114,880$135,442
Chicago Ridge$56,560$72,060$128,030$169,955$192,404
Cicero$95,088$124,530$156,360$170,100$180,386
Country Club Hills$46,430$87,960$100,565$133,425$166,790
Countryside$71,010$99,050$239,475$329,115$518,682
Crestwood$11,040$66,830$97,770$169,170$196,055
Des Plaines$86,980$122,850$181,245$251,548$290,012
Dixmoor$22,310$28,460$39,120$52,720$63,990
Dolton$46,543$64,172$92,285$115,988$128,564
East Hazel Crest$46,307$58,712$72,310$111,510$137,778
Elgin$100,810$134,750$160,330$196,150$259,606
Elk Grove Village$110,060$169,305$217,040$279,830$318,387
Elmwood Park$70,556$168,718$220,290$239,768$285,271
Evanston$114,800$185,420$296,050$489,340$685,200
Evergreen Park$83,332$126,092$163,665$179,885$218,767
Flossmoor$104,980$150,485$203,660$254,385$330,677
Ford Heights$20,059$24,248$25,490$27,982$36,332
Forest Park$71,490$94,630$188,700$260,090$326,712
Franklin Park$82,840$132,340$167,740$177,962$186,125
Glencoe$378,850$506,920$747,270$1,083,820$1,535,430
Glenview$147,458$251,590$377,920$559,190$785,206
Glenwood$46,825$85,502$116,220$138,982$154,625
Hanover Park$119,630$151,170$187,970$203,300$212,280
Harvey$21,250$30,490$41,900$48,035$58,264
Harwood Heights$148,640$191,810$234,500$265,040$327,718
Hazel Crest$31,400$53,140$91,420$113,975$143,505
Hickory Hills$82,560$143,250$199,810$225,220$271,352
Hillside$81,484$161,180$179,270$188,310$209,502
Hinsdale$296,308$509,310$786,460$1,095,930$1,668,290
Hoffman Estates$97,430$190,120$230,485$285,918$351,687
Hometown$105,536$107,600$109,850$125,865$142,834
Homewood$56,828$96,518$143,275$170,355$202,035
Indian Head Park$110,920$176,540$211,940$323,100$519,034
Inverness$301,551$400,965$497,070$619,402$780,531
Justice$103,265$151,020$169,965$211,120$239,302
Kenilworth$524,340$623,325$1,093,070$1,403,505$1,791,690
La Grange Highlands$242,394$260,392$296,075$364,555$530,261
La Grange$113,450$239,838$374,020$549,082$700,418
La Grange Park$197,531$248,790$291,890$388,008$516,550
Lansing$45,740$72,980$98,060$131,400$158,214
Lemont$188,470$248,955$348,960$440,495$542,366
Lincolnwood$150,880$217,860$297,770$365,770$502,280
Lynwood$51,210$107,320$137,210$188,040$280,392
Lyons$73,206$132,530$152,730$167,755$194,928
Markham$31,880$46,170$53,210$72,500$106,840
Matteson$78,024$114,948$145,810$201,908$247,408
Maywood$91,244$129,135$154,550$166,330$178,914
Melrose Park$121,008$143,840$164,685$194,020$234,910
Merrionette Park$43,769$110,650$114,845$134,430$172,233
Midlothian$80,544$116,550$132,270$148,180$188,570
Morton Grove$128,420$197,785$263,980$287,310$361,420
Mount Prospect$100,870$195,560$261,810$303,240$371,600
Niles$129,732$172,070$245,640$275,400$336,272
Norridge$177,497$222,428$252,905$278,618$326,992
Northbrook$164,350$282,555$413,350$560,470$732,930
Northfield$169,170$280,550$441,420$760,725$1,134,918
Northlake$49,980$134,620$157,980$167,730$180,920
Oak Forest$84,710$142,310$172,180$199,830$237,024
Oak Lawn$61,953$89,802$165,540$203,430$242,740
Oak Park$98,920$171,150$330,265$412,332$545,444
Olympia Fields$138,466$165,248$203,985$240,240$303,901
Orland Hills$136,558$173,390$202,090$230,490$273,864
Orland Park$127,750$185,920$256,935$329,088$421,039
Palatine$76,570$117,530$218,360$302,310$411,558
Palos Heights$163,580$198,250$243,185$292,868$349,578
Palos Hills$53,500$111,070$147,910$227,150$269,384
Palos Park$175,990$257,325$335,635$407,992$509,066
Park Forest$34,274$46,765$61,260$85,020$103,242
Park Ridge$131,580$247,480$319,360$460,530$614,390
Phoenix$19,308$28,710$36,340$43,090$72,420
Posen$57,020$65,420$108,860$122,130$139,510
Prospect Heights$56,720$77,870$187,370$297,980$418,498
Richton Park$55,546$65,910$117,730$155,870$202,920
Riverdale$30,150$40,828$56,860$65,322$71,298
River Forest$115,406$228,790$495,680$643,625$787,652
River Grove$76,248$123,190$174,550$187,330$211,204
Riverside$168,498$208,900$273,930$374,290$464,592
Robbins$28,044$38,980$46,305$55,475$84,207
Rolling Meadows$83,920$105,290$192,810$226,120$330,614
Roselle$130,490$156,120$192,730$295,908$411,343
Rosemont$63,040$112,915$153,340$303,030$356,664
Sauk Village$43,128$44,890$47,180$59,560$121,974
Schaumburg$116,860$142,550$209,175$270,878$333,653
Schiller Park$72,071$95,872$176,965$199,228$208,093
Skokie$112,790$150,390$245,650$283,495$339,576
South Barrington$469,512$532,918$660,720$814,742$1,066,923
South Chicago Heights$46,572$60,090$85,040$96,100$122,916
South Holland$86,560$112,420$133,830$150,590$176,650
Steger$32,614$45,690$62,230$102,190$175,260
Stone Park$80,235$87,608$151,905$163,090$179,113
Streamwood$125,680$148,740$169,650$205,180$236,648
Summit Argo$87,628$97,255$146,965$158,972$185,460
Thornton$78,350$84,600$88,450$97,370$110,814
Tinley Park$105,594$150,830$192,235$232,112$306,032
Westchester$163,808$199,800$218,060$241,275$292,040
Western Springs$322,265$388,750$480,710$669,762$904,116
Wheeling$64,670$115,340$162,475$212,880$282,720
Willow Springs$82,140$142,795$217,290$294,560$416,814
Wilmette$238,143$353,530$519,210$713,895$1,080,397
Winnetka$431,838$605,392$892,040$1,236,250$1,845,707
Worth$53,050$78,205$158,120$176,340$206,880

Property Tax Bill

This table shows the percentiles of actual property tax paid on residential properties for each city in Cook County.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Alsip$1,264$2,671$4,547$5,802$6,882
Arlington Heights$2,058$4,054$7,321$9,535$12,238
Barrington$4,766$6,652$9,578$14,437$20,473
Bartlett$3,022$5,400$7,242$9,292$11,157
Bellwood$1,257$3,971$6,070$7,308$8,047
Berkeley$2,416$5,329$6,122$6,676$7,629
Berwyn$2,085$4,359$5,855$6,894$8,076
Blue Island$1,120$1,995$3,281$4,517$5,871
Bridgeview$1,927$3,575$5,211$6,323$7,735
Broadview$1,203$3,353$4,743$5,598$6,320
Brookfield$2,709$4,358$6,500$7,821$9,169
Buffalo Grove$1,570$3,037$5,750$7,993$9,566
Burbank$1,877$3,130$4,813$5,969$7,476
Burr Ridge$171$5,212$9,373$14,660$22,272
Calumet City$1,099$2,492$3,577$5,414$6,812
Calumet Park$801$1,533$2,719$3,916$4,823
Chicago$807$1,818$3,521$6,021$10,018
Chicago Heights$971$2,085$3,451$4,947$6,568
Chicago Ridge$1,000$1,751$2,932$5,029$6,075
Cicero$1,486$3,392$4,951$5,858$6,622
Country Club Hills$1,652$3,638$5,652$7,647$10,260
Countryside$923$1,791$4,443$6,648$10,558
Crestwood$252$873$2,117$4,303$5,480
Des Plaines$1,628$2,730$4,330$6,157$7,804
Dixmoor$406$675$1,210$2,019$2,715
Dolton$1,299$2,851$4,564$6,169$7,280
East Hazel Crest$757$1,658$2,841$4,597$6,741
Elgin$2,240$3,427$4,513$5,748$7,667
Elk Grove Village$2,108$3,443$4,992$6,929$8,593
Elmwood Park$1,776$3,735$6,442$7,614$9,093
Evanston$2,197$4,023$6,918$11,925$17,040
Evergreen Park$1,947$3,174$4,744$5,649$6,948
Flossmoor$3,389$5,991$8,634$11,568$15,374
Ford Heights$759$2,167$2,280$2,525$3,157
Forest Park$1,464$2,372$5,109$7,701$9,891
Franklin Park$1,979$3,077$4,814$5,530$6,355
Glencoe$9,327$13,210$19,854$29,328$41,993
Glenview$2,914$5,375$8,449$12,921$18,509
Glenwood$1,405$2,851$4,511$6,035$7,274
Hanover Park$2,837$3,844$5,455$6,183$6,989
Harvey$705$976$2,015$3,412$4,075
Harwood Heights$2,217$3,415$5,037$6,198$7,664
Hazel Crest$959$2,219$4,225$6,116$8,162
Hickory Hills$1,517$3,418$5,550$6,754$8,295
Hillside$1,607$3,350$5,629$6,714$7,788
Hinsdale$5,883$10,338$16,441$23,673$37,333
Hoffman Estates$2,432$4,607$6,526$8,202$10,611
Hometown$1,596$2,777$2,955$3,990$4,380
Homewood$1,564$3,106$5,159$6,613$8,181
Indian Head Park$1,434$2,874$4,352$6,795$11,724
Inverness$7,695$10,168$12,800$16,243$20,769
Justice$1,577$3,249$4,412$5,702$6,910
Kenilworth$14,019$17,158$30,386$39,596$50,425
La Grange Highlands$3,415$5,087$6,093$7,802$11,593
La Grange$2,368$5,179$9,009$13,922$18,123
La Grange Park$3,641$6,116$7,740$10,353$13,869
Lansing$1,262$2,360$3,963$5,666$7,279
Lemont$3,435$4,909$7,247$9,501$11,920
Lincolnwood$3,521$4,831$7,445$9,543$13,299
Lynwood$1,411$2,992$4,571$6,546$9,154
Lyons$1,458$3,018$4,156$4,970$5,938
Markham$1,047$1,719$3,659$4,510$6,649
Matteson$2,372$3,978$5,838$8,528$11,033
Maywood$1,435$4,227$6,424$7,648$8,938
Melrose Park$1,833$3,417$4,469$5,482$6,249
Merrionette Park$1,086$1,761$2,825$3,844$4,941
Midlothian$1,707$3,379$4,348$5,238$6,721
Morton Grove$2,834$4,386$6,744$8,064$10,153
Mount Prospect$2,038$4,141$6,725$8,375$10,294
Niles$1,915$3,220$5,061$6,483$7,926
Norridge$2,297$3,774$5,254$6,214$7,386
Northbrook$3,029$5,738$9,394$13,072$17,260
Northfield$3,541$5,805$9,696$17,406$26,253
Northlake$1,201$3,132$4,799$5,439$6,288
Oak Forest$2,114$3,866$5,671$6,951$8,543
Oak Lawn$1,140$2,232$4,363$6,078$7,622
Oak Park$2,673$5,042$10,660$13,835$18,725
Olympia Fields$4,590$6,269$8,382$10,425$13,597
Orland Hills$3,063$4,095$5,436$6,276$7,746
Orland Park$2,246$3,947$6,038$8,151$10,781
Palatine$2,005$3,115$5,967$8,656$12,157
Palos Heights$3,186$4,679$6,302$8,133$10,199
Palos Hills$718$2,083$3,407$6,180$7,953
Palos Park$3,354$5,499$7,539$9,481$12,669
Park Forest$1,304$3,218$4,809$7,207$8,865
Park Ridge$2,722$5,565$8,247$12,425$17,038
Phoenix$445$861$1,958$3,340$5,117
Posen$1,040$1,579$2,843$3,929$4,776
Prospect Heights$1,142$2,195$4,648$8,656$12,599
Richton Park$1,503$2,980$4,698$6,821$9,184
Riverdale$912$2,134$2,889$4,688$5,807
River Forest$2,671$5,742$14,106$18,589$23,080
River Grove$1,647$3,077$5,077$5,956$6,903
Riverside$2,862$4,973$7,279$11,962$15,213
Robbins$566$994$1,815$2,191$3,278
Rolling Meadows$1,902$2,969$5,064$6,458$9,881
Roselle$2,920$4,051$5,044$8,033$11,457
Rosemont$1,345$2,484$3,960$8,010$9,419
Sauk Village$675$1,153$2,183$2,617$4,516
Schaumburg$2,342$3,439$5,138$7,079$8,970
Schiller Park$1,688$2,723$4,827$6,072$6,979
Skokie$2,259$3,621$5,782$7,620$9,231
South Barrington$10,491$12,392$15,462$19,026$25,312
South Chicago Heights$800$1,311$2,280$3,253$3,858
South Holland$2,157$3,920$5,439$6,546$7,968
Steger$531$1,015$1,696$3,077$5,123
Stone Park$1,769$2,658$5,301$6,477$7,679
Streamwood$2,798$4,061$5,055$6,269$7,621
Summit Argo$1,863$2,778$4,779$5,652$6,944
Thornton$1,233$2,423$3,352$4,602$5,536
Tinley Park$2,231$4,023$5,735$7,376$9,491
Westchester$2,837$4,225$5,228$6,072$7,194
Western Springs$5,979$8,214$10,585$15,071$20,706
Wheeling$1,338$2,912$4,662$6,555$8,392
Willow Springs$2,189$3,612$5,757$7,476$10,009
Wilmette$4,890$7,956$12,289$17,471$26,843
Winnetka$9,892$14,606$21,883$30,451$45,034
Worth$1,378$2,174$4,423$5,617$6,941

Effective Property Tax Rate

The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Alsip 2.19% 2.26% 2.89% 3.14% 3.18%
Arlington Heights 2.20% 2.28% 2.57% 2.67% 2.78%
Barrington 2.01% 2.10% 2.22% 2.36% 2.48%
Bartlett 3.00% 2.95% 3.22% 3.31% 3.37%
Bellwood 1.21% 2.79% 3.87% 4.20% 4.42%
Berkeley 1.45% 3.04% 3.38% 3.54% 3.77%
Berwyn 1.75% 2.68% 3.18% 3.46% 3.62%
Blue Island 2.46% 2.67% 3.20% 3.56% 3.85%
Bridgeview 2.10% 2.44% 3.00% 3.16% 3.27%
Broadview 1.01% 2.18% 2.80% 3.11% 3.35%
Brookfield 2.51% 2.50% 3.05% 3.31% 3.39%
Buffalo Grove 2.19% 2.53% 2.73% 2.98% 3.08%
Burbank 2.11% 2.14% 2.79% 3.02% 3.03%
Burr Ridge 2.05% 1.80% 1.95% 2.02% 2.05%
Calumet City 2.68% 3.80% 4.89% 4.91% 5.66%
Calumet Park 1.41% 2.20% 3.58% 4.79% 5.01%
Chicago 1.36% 1.70% 1.90% 2.04% 2.13%
Chicago Heights 2.53% 3.85% 3.90% 4.31% 4.85%
Chicago Ridge 1.77% 2.43% 2.29% 2.96% 3.16%
Cicero 1.56% 2.72% 3.17% 3.44% 3.67%
Country Club Hills 3.56% 4.14% 5.62% 5.73% 6.15%
Countryside 1.30% 1.81% 1.86% 2.02% 2.04%
Crestwood 2.28% 1.31% 2.17% 2.54% 2.80%
Des Plaines 1.87% 2.22% 2.39% 2.45% 2.69%
Dixmoor 1.82% 2.37% 3.09% 3.83% 4.24%
Dolton 2.79% 4.44% 4.95% 5.32% 5.66%
East Hazel Crest 1.63% 2.82% 3.93% 4.12% 4.89%
Elgin 2.22% 2.54% 2.81% 2.93% 2.95%
Elk Grove Village 1.92% 2.03% 2.30% 2.48% 2.70%
Elmwood Park 2.52% 2.21% 2.92% 3.18% 3.19%
Evanston 1.91% 2.17% 2.34% 2.44% 2.49%
Evergreen Park 2.34% 2.52% 2.90% 3.14% 3.18%
Flossmoor 3.23% 3.98% 4.24% 4.55% 4.65%
Ford Heights 3.78% 8.94% 8.94% 9.02% 8.69%
Forest Park 2.05% 2.51% 2.71% 2.96% 3.03%
Franklin Park 2.39% 2.33% 2.87% 3.11% 3.41%
Glencoe 2.46% 2.61% 2.66% 2.71% 2.73%
Glenview 1.98% 2.14% 2.24% 2.31% 2.36%
Glenwood 3.00% 3.33% 3.88% 4.34% 4.70%
Hanover Park 2.37% 2.54% 2.90% 3.04% 3.29%
Harvey 3.32% 3.20% 4.81% 7.10% 6.99%
Harwood Heights 1.49% 1.78% 2.15% 2.34% 2.34%
Hazel Crest 3.05% 4.18% 4.62% 5.37% 5.69%
Hickory Hills 1.84% 2.39% 2.78% 3.00% 3.06%
Hillside 1.97% 2.08% 3.14% 3.57% 3.72%
Hinsdale 1.99% 2.03% 2.09% 2.16% 2.24%
Hoffman Estates 2.50% 2.42% 2.83% 2.87% 3.02%
Hometown 1.51% 2.58% 2.69% 3.17% 3.07%
Homewood 2.75% 3.22% 3.60% 3.88% 4.05%
Indian Head Park 1.29% 1.63% 2.05% 2.10% 2.26%
Inverness 2.55% 2.54% 2.58% 2.62% 2.66%
Justice 1.53% 2.15% 2.60% 2.70% 2.89%
Kenilworth 2.67% 2.75% 2.78% 2.82% 2.81%
La Grange Highlands 1.41% 1.95% 2.06% 2.14% 2.19%
La Grange 2.09% 2.16% 2.41% 2.54% 2.59%
La Grange Park 1.84% 2.46% 2.65% 2.67% 2.68%
Lansing 2.76% 3.23% 4.04% 4.31% 4.60%
Lemont 1.82% 1.97% 2.08% 2.16% 2.20%
Lincolnwood 2.33% 2.22% 2.50% 2.61% 2.65%
Lynwood 2.76% 2.79% 3.33% 3.48% 3.26%
Lyons 1.99% 2.28% 2.72% 2.96% 3.05%
Markham 3.28% 3.72% 6.88% 6.22% 6.22%
Matteson 3.04% 3.46% 4.00% 4.22% 4.46%
Maywood 1.57% 3.27% 4.16% 4.60% 5.00%
Melrose Park 1.51% 2.38% 2.71% 2.83% 2.66%
Merrionette Park 2.48% 1.59% 2.46% 2.86% 2.87%
Midlothian 2.12% 2.90% 3.29% 3.53% 3.56%
Morton Grove 2.21% 2.22% 2.55% 2.81% 2.81%
Mount Prospect 2.02% 2.12% 2.57% 2.76% 2.77%
Niles 1.48% 1.87% 2.06% 2.35% 2.36%
Norridge 1.29% 1.70% 2.08% 2.23% 2.26%
Northbrook 1.84% 2.03% 2.27% 2.33% 2.35%
Northfield 2.09% 2.07% 2.20% 2.29% 2.31%
Northlake 2.40% 2.33% 3.04% 3.24% 3.48%
Oak Forest 2.50% 2.72% 3.29% 3.48% 3.60%
Oak Lawn 1.84% 2.49% 2.64% 2.99% 3.14%
Oak Park 2.70% 2.95% 3.23% 3.36% 3.43%
Olympia Fields 3.31% 3.79% 4.11% 4.34% 4.47%
Orland Hills 2.24% 2.36% 2.69% 2.72% 2.83%
Orland Park 1.76% 2.12% 2.35% 2.48% 2.56%
Palatine 2.62% 2.65% 2.73% 2.86% 2.95%
Palos Heights 1.95% 2.36% 2.59% 2.78% 2.92%
Palos Hills 1.34% 1.88% 2.30% 2.72% 2.95%
Palos Park 1.91% 2.14% 2.25% 2.32% 2.49%
Park Forest 3.80% 6.88% 7.85% 8.48% 8.59%
Park Ridge 2.07% 2.25% 2.58% 2.70% 2.77%
Phoenix 2.30% 3.00% 5.39% 7.75% 7.07%
Posen 1.82% 2.41% 2.61% 3.22% 3.42%
Prospect Heights 2.01% 2.82% 2.48% 2.90% 3.01%
Richton Park 2.71% 4.52% 3.99% 4.38% 4.53%
Riverdale 3.02% 5.23% 5.08% 7.18% 8.14%
River Forest 2.31% 2.51% 2.85% 2.89% 2.93%
River Grove 2.16% 2.50% 2.91% 3.18% 3.27%
Riverside 1.70% 2.38% 2.66% 3.20% 3.27%
Robbins 2.02% 2.55% 3.92% 3.95% 3.89%
Rolling Meadows 2.27% 2.82% 2.63% 2.86% 2.99%
Roselle 2.24% 2.59% 2.62% 2.71% 2.79%
Rosemont 2.13% 2.20% 2.58% 2.64% 2.64%
Sauk Village 1.57% 2.57% 4.63% 4.39% 3.70%
Schaumburg 2.00% 2.41% 2.46% 2.61% 2.69%
Schiller Park 2.34% 2.84% 2.73% 3.05% 3.35%
Skokie 2.00% 2.41% 2.35% 2.69% 2.72%
South Barrington 2.23% 2.33% 2.34% 2.34% 2.37%
South Chicago Heights 1.72% 2.18% 2.68% 3.39% 3.14%
South Holland 2.49% 3.49% 4.06% 4.35% 4.51%
Steger 1.63% 2.22% 2.73% 3.01% 2.92%
Stone Park 2.20% 3.03% 3.49% 3.97% 4.29%
Streamwood 2.23% 2.73% 2.98% 3.06% 3.22%
Summit Argo 2.13% 2.86% 3.25% 3.56% 3.74%
Thornton 1.57% 2.86% 3.79% 4.73% 5.00%
Tinley Park 2.11% 2.67% 2.98% 3.18% 3.10%
Westchester 1.73% 2.11% 2.40% 2.52% 2.46%
Western Springs 1.86% 2.11% 2.20% 2.25% 2.29%
Wheeling 2.07% 2.52% 2.87% 3.08% 2.97%
Willow Springs 2.66% 2.53% 2.65% 2.54% 2.40%
Wilmette 2.05% 2.25% 2.37% 2.45% 2.48%
Winnetka 2.29% 2.41% 2.45% 2.46% 2.44%
Worth 2.60% 2.78% 2.80% 3.19% 3.36%

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Real Estate Values in Cook County

The median home price in Cook County, Illinois has increased by 6.90% from October 2022 to October 2023, from $295.0K to $317.5K. This increase in home prices is likely due to the decrease in home inventory in the county, from 20.2K in October 2022 to 15.0K in October 2023. This decrease in inventory has likely caused an increase in demand for homes, leading to an increase in home prices.

Median Sale Value
$317.5K
Total Active Listings
15.0K
Annual percent change in median sale price
6.90%

Average Home Value in Cook County, Illinois

Last updated: November 2023

Percent Change in Total Home Sales in Cook County

Last updated: November 2023

Percent Change in New Home Listings in Cook County

Last updated: November 2023

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Mortgage Rates in Cook County

Cook County is home to a large number of outstanding home mortgages, with a total of $154.7 billion in outstanding loans. This represents a significant portion of the total home value in the county, and is indicative of the strong housing market in the area. The median mortgage rate in Cook County varies significantly across cities, with the highest rate being 7.22% in Ford Heights and the lowest rate being 4% in Kenilworth. This wide variation in rates reflects the diversity of the housing market in the county, and provides potential buyers with a range of options when it comes to financing their home purchase. Overall, the high amount of outstanding loans in Cook County is a testament to the strength of the local housing market, and the variety of mortgage rates available makes it an attractive option for potential buyers.

# of Outstanding Loans
745.4K
Total Outstanding Loan Amount
$154.7B
Properties with Loans
55.05%

Outstanding Mortgages

The table below shows the percentile distribution of outstanding loans on residential properties in Cook County by city.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Alsip$32,428$57,512$99,554$150,832$201,742
Arlington Heights$48,302$91,730$174,996$280,114$370,378
Barrington$82,297$155,300$279,982$418,344$616,423
Bartlett$51,103$95,516$162,082$226,855$291,691
Bellwood$25,299$56,889$94,874$140,862$189,293
Berkeley$37,946$69,883$114,433$168,948$221,414
Berwyn$38,787$74,822$124,530$188,741$253,790
Blue Island$25,436$45,923$80,994$123,897$164,678
Bridgeview$34,277$67,612$115,209$166,911$216,735
Broadview$29,678$59,006$99,990$150,474$205,137
Brookfield$44,570$93,714$161,167$219,764$277,722
Buffalo Grove$36,988$67,490$120,790$203,507$271,520
Burbank$41,029$78,090$128,104$189,188$244,476
Burr Ridge$66,565$149,365$271,388$462,893$721,343
Calumet City$20,160$40,911$68,948$103,814$140,251
Calumet Park$19,340$39,552$71,668$101,714$133,772
Chicago$42,338$90,710$163,660$271,822$410,104
Chicago Heights$23,526$45,864$76,695$118,489$166,190
Chicago Ridge$28,718$52,880$89,149$140,302$199,636
Cicero$23,762$52,429$91,949$141,001$197,312
Country Club Hills$22,902$48,875$86,229$129,199$183,817
Countryside$32,617$61,323$109,267$217,773$313,900
Crestwood$32,959$57,120$85,394$124,974$184,676
Des Plaines$39,289$75,075$125,951$192,880$264,071
Dixmoor$15,013$34,330$56,985$89,125$121,501
Dolton$15,809$36,090$68,362$105,900$143,798
East Hazel Crest$27,967$44,882$65,845$98,139$142,721
Elgin$39,941$72,747$112,477$164,153$217,089
Elk Grove Village$42,371$80,488$139,956$210,060$275,418
Elmwood Park$39,961$79,641$140,028$218,240$293,836
Evanston$55,634$108,495$189,325$318,875$490,919
Evergreen Park$36,936$74,070$126,823$177,654$234,712
Flossmoor$54,427$95,680$154,578$224,973$305,358
Ford Heights$6,570$15,648$22,758$34,997$66,927
Forest Park$34,853$65,611$120,491$212,639$300,050
Franklin Park$38,747$80,411$126,972$178,328$233,677
Glencoe$107,956$261,810$484,693$751,720$1,140,752
Glenview$60,698$121,951$242,676$380,193$586,594
Glenwood$29,232$48,476$84,110$124,288$169,236
Hanover Park$37,488$74,051$114,718$169,123$219,149
Harvey$13,379$28,100$48,623$72,986$106,007
Harwood Heights$50,833$98,513$155,631$218,534$282,400
Hazel Crest$20,521$41,600$77,572$117,010$163,605
Hickory Hills$35,990$67,538$119,254$180,354$257,287
Hillside$35,012$69,130$110,329$164,666$222,630
Hinsdale$168,817$309,502$499,777$744,123$1,186,346
Hoffman Estates$39,916$81,189$149,646$229,269$300,448
Hometown$25,465$50,131$82,737$120,339$160,673
Homewood$34,203$61,714$106,462$157,532$213,844
Indian Head Park$46,625$85,549$141,553$244,775$351,423
Inverness$99,434$195,309$312,672$441,987$567,824
Justice$37,556$67,316$108,937$159,347$216,857
Kenilworth$179,368$338,190$635,450$1,042,202$1,579,173
La Grange Highlands$50,852$104,535$191,236$284,580$368,975
La Grange$57,008$111,150$236,221$370,349$522,304
La Grange Park$49,919$103,825$194,829$291,273$390,562
Lansing$35,222$60,609$94,501$133,927$181,870
Lemont$53,318$117,079$210,356$316,064$409,598
Lincolnwood$62,859$129,008$222,789$324,849$432,095
Lynwood$31,704$62,117$109,181$164,754$237,319
Lyons$39,284$71,705$108,682$160,878$215,098
Markham$20,205$42,604$73,052$114,732$159,073
Matteson$45,683$82,660$126,964$179,984$235,577
Maywood$27,550$59,484$103,383$159,438$208,588
Melrose Park$36,789$70,435$117,638$173,816$234,715
Merrionette Park$25,239$47,165$90,207$130,864$174,752
Midlothian$32,349$59,991$101,588$142,349$191,399
Morton Grove$55,905$110,176$182,722$255,422$322,794
Mount Prospect$45,398$87,428$160,668$243,048$311,150
Niles$46,351$89,969$152,854$231,161$300,034
Norridge$46,566$98,470$168,911$238,474$307,888
Northbrook$69,801$135,068$254,430$378,763$535,290
Northfield$84,921$156,425$292,420$477,224$730,788
Northlake$37,184$68,698$110,739$161,869$215,333
Oak Forest$39,471$73,945$120,861$173,878$224,999
Oak Lawn$35,859$68,455$117,942$176,364$232,227
Oak Park$49,574$98,220$193,772$321,524$441,072
Olympia Fields$52,823$94,724$147,840$206,273$273,461
Orland Hills$33,395$76,070$129,127$180,044$234,543
Orland Park$44,127$85,233$147,436$229,459$318,195
Palatine$44,502$80,811$145,068$239,577$322,220
Palos Heights$51,534$100,191$162,000$226,864$297,633
Palos Hills$38,442$66,698$107,765$164,534$232,330
Palos Park$53,626$110,226$201,160$300,727$405,368
Park Forest$21,951$42,655$68,763$99,255$132,034
Park Ridge$62,494$124,327$234,752$350,218$486,420
Phoenix$13,078$22,446$51,462$79,995$125,431
Posen$32,187$54,330$80,430$113,951$148,474
Prospect Heights$30,886$59,697$109,656$212,736$313,927
Richton Park$29,330$52,226$89,291$135,473$189,618
Riverdale$13,778$23,790$45,776$71,647$96,610
River Forest$57,118$107,393$258,571$452,847$657,051
River Grove$38,210$73,554$124,021$180,704$239,553
Riverside$51,499$104,005$176,917$278,352$380,827
Robbins$11,523$25,006$45,360$94,479$142,438
Rolling Meadows$38,477$70,584$121,971$190,503$256,755
Roselle$54,386$90,084$142,147$215,482$302,583
Rosemont$35,489$79,881$150,115$266,793$343,135
Sauk Village$20,432$37,811$61,991$98,877$140,846
Schaumburg$41,042$78,375$128,140$201,700$281,189
Schiller Park$41,064$67,921$116,255$175,468$232,759
Skokie$50,822$101,986$168,690$248,658$326,772
South Barrington$143,710$285,240$427,820$589,416$792,384
South Chicago Heights$28,756$52,628$75,566$107,381$140,557
South Holland$30,667$58,019$95,671$138,635$191,025
Steger$36,202$58,909$87,277$130,401$171,804
Stone Park$19,875$55,345$97,578$141,792$205,567
Streamwood$44,637$82,585$127,502$178,767$229,001
Summit Argo$30,116$64,750$107,233$153,516$203,981
Thornton$28,336$57,434$82,265$112,881$144,862
Tinley Park$40,987$76,545$128,308$185,787$244,847
Westchester$50,279$98,628$150,334$211,014$258,724
Western Springs$79,215$177,858$314,733$485,967$705,728
Wheeling$36,659$69,469$111,989$168,510$231,468
Willow Springs$54,254$103,417$156,152$233,837$318,132
Wilmette$91,605$193,086$329,357$571,350$841,312
Winnetka$164,060$320,657$595,172$934,524$1,331,643
Worth$30,803$61,474$106,346$159,089$218,839

Mortgage Rates

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Cook County.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Alsip 3.25% 4.00% 5.37% 6.94% 7.87%
Arlington Heights 3.01% 3.75% 4.63% 6.50% 7.57%
Barrington 2.97% 3.53% 4.37% 6.25% 7.30%
Bartlett 3.12% 3.87% 5.00% 6.39% 7.44%
Bellwood 3.50% 4.16% 5.37% 7.04% 8.02%
Berkeley 3.37% 4.12% 5.37% 7.06% 7.99%
Berwyn 3.25% 3.91% 5.00% 6.80% 7.78%
Blue Island 3.50% 4.31% 5.88% 7.15% 8.01%
Bridgeview 3.25% 4.00% 5.25% 6.88% 7.84%
Broadview 3.49% 4.25% 5.50% 7.05% 7.97%
Brookfield 3.12% 3.75% 4.75% 6.50% 7.56%
Buffalo Grove 3.12% 3.87% 4.87% 6.73% 7.74%
Burbank 3.25% 3.94% 5.12% 6.72% 7.77%
Burr Ridge 2.87% 3.59% 4.37% 6.25% 7.25%
Calumet City 3.51% 4.42% 6.04% 7.27% 8.26%
Calumet Park 3.50% 4.37% 5.91% 7.25% 8.24%
Chicago 3.00% 3.75% 4.62% 6.39% 7.57%
Chicago Heights 3.37% 4.25% 5.63% 7.03% 8.00%
Chicago Ridge 3.25% 3.87% 5.12% 6.62% 7.71%
Cicero 3.52% 4.33% 5.71% 7.12% 7.97%
Country Club Hills 3.40% 4.37% 5.91% 7.24% 8.18%
Countryside 3.25% 3.94% 5.12% 6.88% 7.86%
Crestwood 3.25% 3.87% 4.75% 6.37% 7.37%
Des Plaines 3.16% 3.87% 5.00% 6.77% 7.75%
Dixmoor 3.75% 5.62% 6.43% 7.86% 8.78%
Dolton 3.50% 4.40% 6.13% 7.54% 8.42%
East Hazel Crest 3.25% 4.25% 5.50% 7.00% 7.95%
Elgin 3.25% 3.97% 5.12% 6.70% 7.77%
Elk Grove Village 3.20% 3.87% 4.90% 6.75% 7.75%
Elmwood Park 3.12% 3.87% 4.87% 6.73% 7.75%
Evanston 3.08% 3.75% 4.62% 6.37% 7.50%
Evergreen Park 3.25% 3.87% 5.00% 6.80% 7.80%
Flossmoor 3.12% 3.75% 4.75% 6.50% 7.55%
Ford Heights 5.72% 6.37% 7.22% 8.42% 10.06%
Forest Park 3.00% 3.75% 4.75% 6.42% 7.69%
Franklin Park 3.25% 3.90% 4.87% 6.78% 7.77%
Glencoe 2.87% 3.37% 4.25% 6.00% 7.20%
Glenview 3.00% 3.70% 4.62% 6.49% 7.50%
Glenwood 3.43% 4.25% 5.70% 7.07% 7.98%
Hanover Park 3.25% 3.97% 5.12% 6.82% 7.75%
Harvey 3.94% 5.75% 6.93% 7.96% 9.09%
Harwood Heights 3.12% 3.83% 4.75% 6.50% 7.55%
Hazel Crest 3.50% 4.38% 6.08% 7.43% 8.39%
Hickory Hills 3.12% 3.87% 5.11% 6.79% 7.77%
Hillside 3.50% 4.25% 5.50% 6.95% 7.93%
Hinsdale 2.80% 3.37% 4.04% 5.72% 6.90%
Hoffman Estates 3.12% 3.87% 5.00% 6.73% 7.73%
Hometown 3.25% 4.00% 5.31% 6.79% 7.87%
Homewood 3.25% 3.87% 5.09% 6.73% 7.77%
Indian Head Park 3.10% 3.62% 4.50% 6.19% 7.52%
Inverness 2.98% 3.57% 4.38% 6.20% 7.25%
Justice 3.25% 3.97% 5.37% 6.88% 7.86%
Kenilworth 2.75% 3.12% 4.00% 5.74% 7.00%
La Grange Highlands 3.12% 3.87% 4.75% 6.83% 7.64%
La Grange 3.00% 3.65% 4.53% 6.37% 7.45%
La Grange Park 3.12% 3.81% 4.75% 6.60% 7.61%
Lansing 3.25% 3.94% 4.96% 6.48% 7.68%
Lemont 3.12% 3.87% 4.80% 6.54% 7.64%
Lincolnwood 3.11% 3.87% 4.83% 6.74% 7.69%
Lynwood 3.50% 4.37% 5.88% 7.11% 7.99%
Lyons 3.25% 4.00% 5.13% 6.62% 7.80%
Markham 3.37% 4.25% 5.71% 7.13% 8.13%
Matteson 3.47% 4.12% 5.38% 6.66% 7.78%
Maywood 3.30% 4.12% 5.25% 7.05% 8.01%
Melrose Park 3.37% 4.08% 5.25% 6.99% 7.87%
Merrionette Park 3.25% 4.12% 5.50% 6.99% 7.91%
Midlothian 3.25% 3.87% 5.11% 6.75% 7.86%
Morton Grove 3.12% 3.75% 4.62% 6.44% 7.55%
Mount Prospect 3.12% 3.87% 4.80% 6.70% 7.70%
Niles 3.12% 3.87% 4.87% 6.69% 7.69%
Norridge 3.25% 3.87% 4.87% 6.75% 7.75%
Northbrook 3.00% 3.66% 4.51% 6.37% 7.43%
Northfield 2.87% 3.56% 4.37% 6.04% 7.28%
Northlake 3.37% 4.00% 5.00% 6.72% 7.84%
Oak Forest 3.12% 3.87% 4.87% 6.70% 7.81%
Oak Lawn 3.12% 3.87% 4.80% 6.50% 7.65%
Oak Park 3.00% 3.75% 4.62% 6.37% 7.41%
Olympia Fields 3.25% 3.92% 4.97% 6.83% 7.79%
Orland Hills 3.35% 4.12% 5.71% 7.00% 7.85%
Orland Park 3.20% 3.87% 4.92% 6.69% 7.68%
Palatine 3.00% 3.75% 4.80% 6.50% 7.54%
Palos Heights 3.12% 3.87% 4.83% 6.49% 7.50%
Palos Hills 3.25% 3.86% 4.90% 6.49% 7.54%
Palos Park 3.10% 3.75% 4.75% 6.62% 7.62%
Park Forest 3.20% 4.12% 5.50% 7.05% 8.05%
Park Ridge 3.00% 3.75% 4.50% 6.40% 7.51%
Phoenix 4.01% 5.22% 6.53% 7.92% 8.50%
Posen 3.62% 4.37% 5.87% 7.02% 7.93%
Prospect Heights 3.20% 3.87% 5.19% 6.95% 7.86%
Richton Park 3.50% 4.40% 5.99% 7.22% 8.17%
Riverdale 3.87% 5.63% 7.03% 7.93% 8.84%
River Forest 3.00% 3.62% 4.50% 6.42% 7.38%
River Grove 3.25% 3.87% 4.87% 6.54% 7.65%
Riverside 3.00% 3.75% 4.75% 6.50% 7.55%
Robbins 3.79% 4.87% 6.25% 7.69% 8.99%
Rolling Meadows 3.12% 3.83% 4.87% 6.64% 7.63%
Roselle 3.25% 3.87% 5.00% 6.71% 7.68%
Rosemont 3.12% 3.88% 4.92% 6.47% 7.80%
Sauk Village 3.48% 4.41% 6.09% 7.50% 8.35%
Schaumburg 3.12% 3.86% 4.87% 6.62% 7.66%
Schiller Park 3.25% 3.92% 5.00% 6.47% 7.58%
Skokie 3.12% 3.82% 4.75% 6.50% 7.62%
South Barrington 2.90% 3.58% 4.50% 6.19% 7.20%
South Chicago Heights 3.42% 4.12% 5.50% 6.71% 7.81%
South Holland 3.50% 4.25% 5.82% 7.17% 8.05%
Steger 3.00% 3.87% 5.12% 6.56% 7.55%
Stone Park 3.25% 4.21% 5.50% 7.18% 7.99%
Streamwood 3.13% 3.87% 4.95% 6.54% 7.61%
Summit Argo 3.50% 4.12% 5.27% 6.92% 7.88%
Thornton 3.12% 3.96% 5.25% 6.62% 7.67%
Tinley Park 3.19% 3.87% 5.00% 6.62% 7.65%
Westchester 3.12% 3.75% 4.75% 6.50% 7.59%
Western Springs 2.99% 3.60% 4.37% 6.31% 7.37%
Wheeling 3.25% 4.00% 5.13% 6.87% 7.77%
Willow Springs 3.00% 3.75% 4.75% 6.42% 7.22%
Wilmette 2.88% 3.56% 4.38% 6.23% 7.27%
Winnetka 2.80% 3.25% 4.03% 5.75% 7.03%
Worth 3.20% 3.75% 4.87% 6.54% 7.69%

Housing Expenses in Cook County, Illinois

Reduce your property tax bill with Ownwell

Ownwell will evaluate your property tax assessment, build a case, and file an appeal. With our Savings-or-Free guarantee, only pay 25% of your property tax bill savings!

With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.

How Ownwell works?

  1. Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
  2. Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
  3. Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
  4. When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.

Reduce your property tax bill with Ownwell

Enter your property address and get an initial estimate of your potential tax savings based on local market data and our historical tax savings in your area. We never share or sell your information.

Frequently asked questions

We currently operate in Texas, California, Washington, Georgia, Florida and Illinois.
We use a private national data provider that cross-references with county recorder's offices to verify ownership. If in the event our system is unable to verify the property, our team will take further steps to investigate ownership and reach out to the customer for confirmation.
Our success rate varies across geographies; however, in any given year, we typically win more than 70% of our cases, saving clients an average of $1,457 on their property taxes.
Yes, in the market areas we serve, we have a dedicated Property Tax Consultant that is physically present in the market they are servicing. The specialist assigned to your property has the necessary geographical competence to provide exemplary service!
The average property tax rate in Cook County is 2.38%.
The following exemptions and discounts are available in Cook County: Charitable, Disabled, Homestead and Senior