Main-Chicago, a neighborhood in Evanston, Illinois, has experienced significant changes in its housing market over the past decade. This area is characterized by fluctuating homeownership rates, average home prices, and rent prices, reflecting broader economic trends and local market conditions. The neighborhood has shown resilience and growth in recent years, with homeownership rates increasing from 45% in 2018 to 51% in 2022. Average home prices in Main-Chicago have followed a variable pattern. In 2018, the average home price was $295,692, which decreased to $280,036 in 2020 before rebounding to $299,461 in 2022. This represents a 6.9% increase in average home prices from 2020 to 2022, potentially contributing to the rise in homeownership. The impact of federal interest rates on homeownership trends has been significant. From 2010 to 2021, historically low interest rates ranging from 0.08% to 0.40% likely enhanced home purchase affordability. Despite rising interest rates in 2022 (1.68%), homeownership continued to increase, possibly due to buyers seeking to secure mortgages before further rate hikes.

Renter percentages in Main-Chicago have inversely reflected homeownership trends, decreasing from 55% in 2018 to 49% in 2022. However, average rent prices have steadily increased. The average rent rose from $1,314 in 2018 to $1,636 in 2022, marking a substantial 24.5% increase over four years. This upward trend in rent prices occurred despite fluctuations in the neighborhood's population, which stood at 9,743 residents in 2018 and 9,771 in 2022.