Naperville, IL Community Information

Naperville, IL Homes for Sale

Naperville Neighborhood Information

Although Naperville only has a population of 141,000 and spans less than 36 square miles, it is consistently recognized as being a great place to live. Naperville falls within DuPage and Will County lines and is the fourth largest city in Illinois. This modest city offers all the conveniences of big city living while retaining a hometown feel. Naperville recently celebrated its 175th anniversary, carrying on a legacy of award-winning community. Naperville was ranked the second best place to live in the United States on CNN/Money's 2006 Best Places to Live list. In 2004, the U.S. Census Bureau also declared Naperville "the country's best place to be a kid," according to wikipedia.com. With its charming neighborhoods, active communities, excellent school system and refreshing outdoor appeal, Naperville is fast becoming one of the most attractive alternatives to city living.

The famed Riverwalk in the city's heart offers five miles of brick-paved trails running down the length of the DuPage River. Nostalgic touches like old-fashioned bridges and gazebos also dot the pathways leading to a quiet spot for paddle boating along a starlit promenade. The Riverwalk is also conveniently located near Centennial Beach, which was donated to the community in 1931. Naperville offers big-city luxuries, small-town security and an unparalleled family-oriented atmosphere.

Out of 100 real estate markets, Naperville placed second in the country, according to money.cnn.com. The survey recorded Naperville's median home price at $329,000 with 11.5 percent appreciation. The average home price in Naperville is about $300,000, considered pricey for a smaller city. Currently, the National Association of Realtors reported the median sales price for an existing Naperville single family home around $265,000. Naperville real estate has proven to be well worth the investment, so start your Naperville home search today!

Sources:
http://en.wikipedia.org/wiki/Naperville
http://www.villageprofile.com/illinois/naperville/03/main.html
http://www.visitnaperville.com/Attractions/naperville.html
http://money.cnn.com/magazines/moneymag/bplive/2006/snapshots/PL1751622.html
http://www.homegain.com/local_real_estate/IL/naperville.html
http://www.realtor.org/Research.nsf/files/REL06Q1T.pdf/$FILE/REL06Q1T.pdf

Naperville, IL Community Information

Population

183,750

Median Age

33.7

Median Household Income

$108,806

Households with Children

57.88%

Median Travel Time to Work

32 minutes

Naperville, IL Real Estate Market Information

Homes Owned

82.37%

Homes Rented

14.73%

Homes Vacant

2.91%

Naperville, IL Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

0:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

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Naperville, IL School Information

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.