Des Plaines October First-Time Homebuyer Report

The population of Des Plaines is growing slightly faster than the rest of Illinois, at a 10-year growth rate of 2.1%. It's a larger than average city compared to the rest of the state, with 58,364 residents. With a median age of 46 years, homes in Des Plaines tend to be older than most. Topping the list of best schools in the city is Terrace Elementary School.

Price Range

Homes in Des Plaines are generally more expensive than others in the state with a median home value of $180,400 and an average list price of $260,462. The Des Plaines market looked healthy in this week's report, as the number of home sales climbed 15.4%, pushing the total to 90 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Des Plaines that generated the most views from potential buyers:

$290K   $200K   $729K  

Typical Dwelling

A three-bedroom detached home valued around $259,689 is considered a typical dwelling in Des Plaines. If a buyer was looking for a similar home, they would need good credit and a $51,938 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,083 and the property tax rate is $16.10 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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