Is Schaumburg the next Chicago? Americans have long looked toward the suburbs for more space, better schools, and a higher quality of life. These qualities, however, often come with a hefty price tag. Fortunately, Illinois residents are in luck. According to a new ranking online, half of the country’s ten most affordable and amenity-rich suburbs are in Illinois.
Illinois Suburbs Lead the Pack
Cross-referencing Zillow’s home price data with StorageCafe’s recent list of the most city-like suburbs, Schaumburg topped the list at No. 1, followed by Lombard, Skokie, Bloomingdale, and Vernon Hills. These suburbs not only offer affordability but also provide a range of amenities and a high quality of life.
Schaumburg: Affordable and Bustling
Schaumburg, the most populous incorporated village in the U.S., boasts a median home price of $291,186, making it one of the most affordable options. This suburb is renowned for its numerous entertainment and dining options, as well as a thriving office sector. Schaumburg offers a perfect blend of suburban tranquility and urban convenience, attracting many families and professionals.
Other Top-Ranked Suburbs
Coming in at No. 3, Lombard has a median home price of $334,000. It is slightly closer to Chicago than Schaumburg, making it a convenient option for commuters. Skokie, ranking at No. 4 with a median home price of $361,582, is even closer to Chicago, providing easy access to the city’s amenities while maintaining a suburban charm.
Bloomingdale and Vernon Hills are ranked No. 6 and No. 7, respectively. In Bloomingdale, the median home price is $376,642, while in Vernon Hills, it stands at $379,776. Both suburbs offer a mix of affordable housing and rich amenities, making them attractive choices for families looking to settle in the Chicago metropolitan area.
Comparative Affordability in Schaumburg
It is noteworthy that homes in these top Illinois suburbs, despite being more affordable compared to other suburbs nationwide, still cost more than in their principal city. The median home price in Chicago is $291,186, showcasing a unique real estate trend where suburban homes carry a higher price tag than their urban counterparts.
Top 10 Most Affordable Suburbs
The full list of the top ten most affordable suburbs includes:
- Schaumburg, Illinois
- Decatur, Georgia
- Lombard, Illinois
- Skokie, Illinois
- Fort Myers, Florida
- Bloomingdale, Illinois
- Vernon Hills, Illinois
- Hackensack, New Jersey
- Woodbridge, New Jersey
- Troy, Michigan
These rankings highlight the desirability and affordability of certain suburban areas across the country, with Illinois suburbs making a significant mark on the list. For Illinois residents, these suburbs offer a blend of affordability, amenities, and a high quality of life, making them ideal places to call home.
