Real Estate
These are the 25 Best and Worst Illinois Cities for Homeowners
A new report by the personal finance group ValuePenguin ranked 259 Illinois cities from best to worst for homeownership.
High taxes and home prices make Chicago one of the worst cities in Illinois to be a homeowner, according to a new report.
The personal finance company ValuePenguin ranked 259 cities from best to worst for home ownership in three main categories: taxes and insurance, home price and jobs and the economy. The group evaluated more than a dozen data points ranging from real estate and sales tax rates to mortgage prices and public safety.
At No. 246, Chicago was ranked among the worst cities to be a homeowner, largely because of high local taxes and above-average home prices. A rank of 130 was considered the average in each of the four categories.
Find out what's happening in Chicagofor free with the latest updates from Patch.
Here are the Top and Bottom 25 cities in Illinois to be a homeowner, according to ValuePenguin.
Like what you see here from Reboot Illinois? Then sign up for our daily email to get more great content right to your email.