March's First-Time Homebuyer Report for Buffalo Grove

The population of Buffalo Grove is very affluent compared to others in Illinois with a median income of $89,844 per household. It's also considered a very expensive city in terms of affordability with a cost of living adjustment score of 117.8. Buffalo Grove is made up of homes that are relatively old with a median of 27 years. Leading the list of best schools in the city are Tripp School, Meridian Middle School, and Buffalo Grove High School.

Price Range

Some of the more expensive homes in Illinois are in Buffalo Grove with a median home value of $231,100 and an average list price for available homes currently at $338,012.

Curious as to which homes have been getting the most attention in Buffalo Grove? These listings have stirred up interest and produced the most views:

$319K   $200K   $350K  

Typical Dwelling

A four-bedroom detached home valued around $425,595 is considered a typical dwelling in Buffalo Grove. If a buyer was looking for a similar home, they would need good credit and a $85,119 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,741 and the property tax rate is $19.95 per $1,000 of taxable assessed value.

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


Data reported through 3/9/2017

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