The hottest ZIP codes for real estate in Chicago right now
There have been numerous recent reports that indicate real estate in Chicago is a market on the mend. The Huffington Post cited a report which showed that in August 2012, Chicago area existing homes sales increased 28.5 percent compared to August 2011. This is the highest level sales have been in more than five years, according to the Chicago Sun-Times. While prices were reported to lag in July as sales rose, prices were noted to be on the rise again in August.
The Huffington Post recently cited industry data that revealed the top 11 Chicago area ZIP codes that have the highest median price right now. The ZIP code with the highest median home price is 60043 in Kenilworth, at $1,950,000. The village of Kenilworth is a Chicago suburban community located roughly 17 miles north of downtown Chicago, which encompasses 0.6 square miles of land and had a population of 2,523 people as of July 2011, according to data collected by the U.S. Census Bureau.
The ZIP code that came in at the No. 2 spot for high median price was 60522 in Hinsdale, which has a median home price of $1,899,000. The village of Hinsdale is located 21 miles west of downtown Chicago and is known for prime suburban living within easy reach of the thriving city. Another Hinsdale ZIP code that made the list is 60521, which has a median home price of $990,000. The village of Hinsdale website maintains that this community is like "a breath of fresh air."
Third on the list was 60093 in Winnetka, where homes had a median price of $1,049,000. The suburb of Winnetka is located approximately 22 miles north of downtown Chicago and the U.S. Census Bureau reported that the population was at 12,241 as of July 2011.
The ZIP codes that made the list that are within the city of Chicago included 60603, which has a median home price of $847,250 and is in the area of The Legacy at Millennium Park, a luxury condo high-rise just minutes from the Loop. The other Chicago ZIP code that made the list is 60602, which has a median price of $795,000 and is partly located in the Loop.