The suburb of Tower Lakes is Chicagoland’s best place to buy a home, according to a new analysis from Niche.
Basing its research on a myriad of factors, including home values, property taxes, homeownership rates, demographics and public education, Niche ranked Chicagoland’s suburban communities on how beneficial homeownership is in the communities.
As our chart below demonstrates, more esteemed suburban communities joined Tower Lakes in Niche’s top 10:
| Area | Median Home Value | Public Schools Grade | Median Property Tax | Percent Own | Residents Age 25-44 |
|---|---|---|---|---|---|
| Tower Lakes | $493,200 | A+ | 2.03% | 95.30% | 16.80% |
| South Barrington | $800,600 | A+ | 1.25% | 99.30% | 17.70% |
| Green Oaks | $538,500 | A+ | 1.86% | 99.50% | 15.50% |
| Buffalo Grove | $295,500 | A+ | 2.52% | 80.20% | 25.30% |
| Naperville | $377,900 | A+ | 2.10% | 75.70% | 24.50% |
| Northbrook | $522,300 | A+ | 1.70% | 87.60% | 17.40% |
| Winnetka | $941,800 | A+ | 1.06% | 90.80% | 16.10% |
| Willowbrook | $215,800 | A+ | 1.78% | 68.90% | 26.30% |
| Deerfield | $494,600 | A+ | 2.02% | 88.60% | 18.80% |
| Vernon Hills | $315,900 | A+ | 2.51% | 71.50% | 26.40% |
excellent!