Niles First-Time Homebuyer Report for October

With 29,803 residents, Niles is a larger than average city in Illinois. Also, with a 2.6% decrease over the last 10 years, its population is shrinking slightly slower than other parts of the state. With a median age of 46 years, homes in Niles tend to be older than most. The best schools in the city are Clarence E Culver School and Emerson Middle School.

Culture

According to Foursquare, H Mart, Costco Wholesale, and King Spa & Sauna are the most popular retail spots in Niles. If you like outdoor activities, some popular spots are XSport Fitness and Uptown Park Ridge. And finally, AMC Showplace Niles 12 and Pickwick Theatre are frequently visited spots for entertainment.

Price Range

Homes in Niles are generally more expensive than others in the state with a median home value of $211,400 and an average list price of $335,167.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Niles:

$449K   $149K   $299K  

Typical Dwelling

A three-bedroom detached home valued around $315,577 is considered a typical dwelling in Niles. If a buyer was looking for a similar home, they would need good credit and a $63,115 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,388 and the property tax rate is $16.10 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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