Chicago suburb named one of the best areas for families

by Claire Fountas

chicagoland suburb real estate sales single family january 2017 MORe realtors

For families hoping to relocate, Chicagoland’s Aurora suburb is a strong choice. In fact, a recent HomeUnion report listed Aurora as one of the country’s best places for families to live.

The study analyzed markets across the country based on housing affordability in Q1 of 2017 along with the quality of public schools located nearby. The firm gathered home sale data from HomeUnion itself and statistics from Maponics to generate the list of the best family-friendly markets.

Areas with a low median home value paired with a better score for public schools on a zero to 100 scale took higher spots on the list. Amidst the top 30 total suburbs named, Aurora neighborhoods snagged an impressive fifth spot.

Aurora holds a relatively modest median home value of $168,000, making it an affordable area for first-time buyers. Public schools in the area also scored a strong 81.9, ensuring a high placement on the list.

Due to increasing home prices on the coastal markets, the central region of the country offers some of the best opportunities for first-time buyers — especially those with families, according to the report. Aurora’s housing market also shows signs of increasing inventory, according to a recent Bowers Realty Group study. Aurora’s 215 new listings in April indicate the area is heading toward a buyers’ market in the coming months, which is a good sign for families hoping to purchase property sooner rather than later.

Metro Submarket Schools Price
Kansas City Blue Springs, MO 88.5 $159,700
Oklahoma City Tuttle, OK 89.6 $165,000
St. Louis Fenton, MO 81.1 $167,000
Palm Beach Boca Raton, FL 87.9 $167,500
Chicago Aurora, IL 81.9 $168,000
Indianapolis Brownsburg, IN 86.3 $184,100
Cleveland Broadview Heights, OH 87.1 $200,00
Philadelphia Horsham, PA 84.2 $217,500
Atlanta Buford, GA 86.5 $220,00
Columbus Powell, OH 86.1 $229,500