Millennials are increasingly reaching the stage of homeownership now more than ever amidst a growing rate of unemployment.
How far does a dream of owning a home feel for you?
For those wanting the fenced yards and multi-room homes, neighborhoods in Chicago continue to be a way to make that dream come true. Chicago’s median home value is around $250,000, making it an affordable and cultural space to settle down.
Affordable, safe neighborhoods in Chicago are growing in popularity, and they may be the place you are looking for to raise your family. Read below to find the five best Chicago suburbs to call home.
South Shore
South Shore is one of the unbeatable neighborhoods in Chicago for those seeking culture, authentic charm, and affordable homes. As a real estate organization, URB says, Chicago is a melting pot of American cultures and stories. Much of that comes to life in South Shore.
You also can’t beat the city skyline views and shore parks perfect for summer swims!
The neighborhood grew in popularity when the Obama’s selected it for the Obama Presidential Center. The buzz continues to attract homeowners today. South Shore welcomes those who want the beauty of outdoor spaces, an eclectic mix of home styles, and a lot of cultural programming.
Beverly
Do you want the expansive single-family home and a large lawn for your pets and children to play? Beverly is the Chicago neighborhood for those wanting the traditional suburban feel far outside the city center.
Families make up most of Beverly’s population, creating a tight-knit community. Historic homes, schools, and new builds mean there is plenty of room for families looking to settle down in a middle-range priced home.
Bronzeville
Quick access to major highways makes Bronzeville a great destination for homeowners who want quick access to big city locations. The neighborhood has been growing for years, yet prices remain low, with plenty of lots for new families to take over.
The mix of new builds and historic locations adds an interesting residential feel to every street. Bronzeville is also known for house flipping, increasing the value throughout the neighborhood.
Kenwood
Kenwood is one of the perfect neighborhoods in Chicago for those who want the quality and quaintness of Hyde Park but at reasonable prices. The area welcomes those who want a comfortable home, updated condo, or mansion.
Homeowners will not find many shopping, dining, or city experiences in Kenwood. But for those seeking a residential area to call home, Kenwood is an up-and-coming option.
Printers Row
For historic charm, look no further than the Printers Row neighborhood located south of Chicago’s downtown area. This smaller, pocket area of the big city may lack single-family homes. Yet buyers looking to secure a historical condo or industrial-chic loft will be overwhelmed with choices.
Tree-lined sidewalks line the Printers Row streets and add a charming, small family feeling to Chicago’s city hustle. The neighborhood attracts young families and first-time homeowners who want the downtown vibes but not the high price.
Start Looking at Neighborhoods in Chicago
The neighborhoods in Chicago above have a cultural significance that makes them a hot destination for homeowners. The big city may be the perfect fit for those wanting an affordable home that is steeped in community and history.
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