October's First-Time Homebuyer Report for North Chicago

North Chicago is much older than the rest of Illinois, with a median age of 23. It's somewhat affluent as well, with a median income of $45,447 per household. Its three largest zip codes are 60064, 60088, and 60044. The North Chicago market primarily consists of detached houses, accounting for 77% of the current homes in the area. Topping the list of best schools in the city is A J Katzenmaier Elementary School.

Culture

Recommended places to eat, according to Foursquare, in North Chicago include Full Moon Restaurant, Flanagan's, and Popeyes Chicken & Biscuits. A good place to get a cup of coffee is Dunkin' Donuts. And finally, Navy Exchange, Great Lakes NS Commissary, and Burkey Mall are frequently visited places to shop.

Price Range

The median value of homes in North Chicago is $68,300, making it one of the lower priced areas in Illinois. At the same time, the average list price of available homes is presently $77,290. The most expensive places to live are 60044, 60088, and 60064. The North Chicago market saw sales remain flat this week with 11 homes sold over the last 30 days, while new listings shot up to 22.

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

$159K   $247K   $209K  

Typical Dwelling

A three-bedroom detached home valued around $71,674 is considered a typical dwelling in North Chicago. If a buyer was looking for a similar home, they would need good credit and a $14,335 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $510 and the property tax rate is $19.95 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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Ask a local expert about this area:
Baird & Warner
Snapped 3 homes in this area

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