Barrington's October First-Time Homebuyer Report

Barrington has a much younger population than other areas in Illinois with a median age of 42 years. It is also very affluent with a median income of $102,244 per household. The Barrington market is almost exclusively made up of detached houses, which currently account for 93% of the homes for sale in the area. The top schools in the city are Hough Street Elementary School, Barrington Mdle Sch- Prairie Cmps, and Barrington High School.

Price Range

Barrington has some of the more expensive homes in the state with a median home value of $355,900 and a current average list price of $534,629. The Barrington market pulled back this week but remained above average levels as sales fell 5.9% to 16 homes sold over the last 30 days.

Out of all the listings in Barrington, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$475K   $400K   $419K  

Typical Dwelling

A four-bedroom detached home valued around $614,833 is considered a typical dwelling in Barrington. If a buyer was looking for a similar home, they would need good credit and a $122,967 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,544 and the property tax rate is $16.10 per $1,000 of taxable assessed value.

Get started right now by checking out Barrington homes for sale or reviewing Barrington real estate trends.

Data reported through 10/13/2016


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Coldwell Banker Residential Brokerage
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