June's First-Time Homebuyer Report for Buffalo Grove

With 41,496 residents, Buffalo Grove is a larger than average city in Illinois. Also, with a 5.3% decrease over the last 10 years, its population is shrinking slower than other parts of the state. The Buffalo Grove market is mostly made up of detached homes, currently accounting for 69% overall. Leading the list of top 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 $325,562.

Typical Dwelling

The typical dwelling in Buffalo Grove is a four-bedroom detached home worth about $436,226. To purchase a similar home, a buyer with good credit and a $87,245 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,715 monthly payment. 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 6/22/2017

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