Housing is one of the most important factors when deciding where to live in Illinois. Housing prices continue to rise, but there are still some deals to be had. When searching for a new home, you want to ensure that home prices in that area are appreciating, but you also need to ensure that the home prices will fit within you budget. AreaVibes used science and data to create a list of the best cities in Illinois to buy a new home with a population over 5,000 people.
The cities listed above have been chosen as the best places to buy a new home in Illinois as they have seen high appreciation rates combined with a solid income to home price affordability ratio. High appreciation rates are a good indicator that the home will continue to increase in value, while the affordability ratio ensure that homes in that area are affordable based on the median household income to home price ratio.
To further narrow your search results for the best places to purchase a new home in Illinois, you can use the filters. Start by selecting cities and/or neighborhoods, city size based on population, categories (amenities, crime, cost of living, education, employment and weather) as well as home/rent prices to ensure that the cities fall within your budget.