Skip to content
  • Subscribe
  • Facebook
  • Twitter
  • Youtube
  • Instagram
  • Email
  • Home
  • News
  • Opinion
  • Entertainment
  • Features
  • Subscribe FREE to Ray Hanania’s Columns
  • Advertise
Suburban Chicagoland

Suburban Chicagoland

Original News, Features & Opinion

  • About
    • About
    • Advertise
    • Our Writers
      • Ray Hanania
      • Bill Lipinski
      • Aaron Hanania
      • Steve Metsch
      • Steve Neuhaus
    • Terms of Service
    • Privacy Policy
    • Reach Out
  • Sections
    • Opinion
    • News
    • Features
    • Seniors
    • Comic Strip
  • Library
    • Midnight Flight Book
      • Midnight Flight Introduction
      • Midnight Flight Chapter 1
      • Midnight Flight Chapter 2
      • Midnight Flight Chapter 3
      • Midnight Flight Chapter 4
      • Midnight Flight Chapter 5
      • Midnight Flight Chapter 6
      • Midnight Flight Chapter 7
      • Midnight Flight Chapter 8
      • Midnight Flight Chapter 9
      • Midnight Flight Chapter 10
      • Midnight Flight Chapter 11
      • Midnight Flight Chapter 12
      • Midnight Flight Chapter 13
    • Villages, Cities & Towns
    • Federal Office Holders
    • County Officials
    • Legislators
  • Seniors
  • Subscribe to Ray’s Columns
  • Comment
  • Podcast
    • Two Guys on Politics
    • Ray Hanania on Politics Podcast
    • The Arab street Podcast
  • Submit a Press Release
  • Toggle search form
  • Chicago Wolves David Gust, from Orland Park in Chicago's Southwest Suburbs. Photo courtesy of the Chicago Wolves
    Chicago Wolves winning streak continues, one win away from another sweep Chicago
  • Republican conservatives Elizabeth "Liz" Doody Gorman, Committeewoman of Orland Township, and Steve Balich, Committeeman of Homer Township, welcomed attendees at a GOP rally Friday May 20, 2022 in Orland Township
    Conservative Republican candidates rally in Orland Township Cook County
  • Chicago Wolves own Game 1 against Milwaukee Admirals Chicago
  • Congressman Sean Casten
    Casten Introduces bill to Help Communities Facing Flood Damage   Cook County
  • Former Congressman Barry Goldwater Jr., the son of the former presidential candidate and conscience of the Republican Conservative movement. Photo courtesy of Berry M. Goldwater Jr.
    Barry Goldwater Jr., son of Republican conservative icon, to keynote Gorman rally Friday Blogger
  • ormer City Hall reporter Ray Hanania, ShawnTe Raines-Welch and Nick Kantas, candidates for Judge in the 4th SubCircuit, and Cook County Commissioner Frank Aguilar.
    Arab Democratic Club forum hosts candidates for public office at brunch May 15 censorship
  • Orland Township hosts Job Fair
    Orland Township events: Walk & Talk program, and Summer Job Fair Business
  • Liz Gorman hosts Forum for Republican Candidates May 20. Former Congressman Barry Goldwater Jr., the son of the former presidential candidate and conscience of the Republican Conservative movement, will be a keynote speaker
    Barry Goldwater Jr., son of former GOP Presidential icon, headlines Gorman Republican Forum breaking news
  • Orland Township Supervisor Paul O’Grady and Illinois Secretary of State Jesse White held a ribbon cutting ceremony to officially open the driver services facility in the Orland Township Building, 14807 S. Ravinia Ave., Orland Park. Also attending the ribbon cutting were (from left): Orland Township Trustee Antonio Rubino, Orland Township Trustee John Lynch, Senator Bill Cunningham (D-Chicago), Orland Township Assessor Rich Kelly and Senator Michael Hastings (D-Frankfort).
    Illinois Secretary of State’s race is a mess Blogger
  • Closure notice from Mayor Lori Lightfoot for Arab and Muslim owned Citgo Gas Station at at 3759 W. Chicago Ave in Chicago.
    Mayor Lightfoot accused of targeting Arab and Muslim stores in gang crackdown Business
  • Two backpacks full of emergency supplies sit ready for action in John and Chloe Clayborn’s Lincoln Park living room — one “go bag” for each of them.
    Maintaining Calm Amid Chaos: Families Pack ‘Go Bags’ to be Ready for Natural Disasters Features
  • Fathers Rights Attorney Jeffery M. Leving
    Dad gains sole custody to protect son from reported abuse Chicago
  • Illinois Governor J.B. Pritzker
    Governor Pritzker joins Secretary Pete Buttigieg for ribbon cutting at Joliet Gateway Center’s new Pace bus facility Government
  • A Roe vs Wade support placard
    Casten and Newman vow to find to defend Roe vs Wade federal ruling Health
  • David Shestokas, Republican candidate for Illinois AttorneyGeneral in the June 28, 2022 GOP primary election
    Shestokas adds law and order professionals to his campaign for Illinois Attorney General elections
Typical Suburban street view. Courtesy of Wikipedia

Chicago home values rank among lowest in nation

Posted on August 27, 2019 By Ray Hanania No Comments on Chicago home values rank among lowest in nation
SHARE THIS STORY
            
 
  

Chicago home values rank among lowest in nation

Chicago ranks among the worst in terms of owning a home among 300 cities across the country, and among the worst in the top 64 largest cities in the country. A new study by WalletHub compares the health of the real estate market in 300 cities and 64 of the countries top. Chicago ranks slightly higher in terms of affordability but still among the 20 percent of the worst cities.

With home values up 5.2% from last year but affordability dropping as mortgage rates get higher, the personal-finance website WalletHub today released its report on 2019’s Best Real-Estate Markets as well as accompanying videos.

To determine the most attractive real-estate markets in the U.S., WalletHub compared 300 cities across 23 key metrics. The data set ranges from median home-price appreciation to home sales turnover rate to job growth.

Typical Suburban street view. Courtesy of Wikipedia
Typical Suburban street view. Courtesy of Wikipedia

Health of Chicago’s Real-Estate Market (1=Best; 150=Avg.):

  • 251st – % of Homes with Negative Equity
  • 200th – Avg. Days Until Sale
  • 172nd – Median Home-Price Appreciation
  • 257th – Job Growth Rate
  • 245th – Foreclosure Rate
  • 214th – % of Delinquent Mortgage Holders
  • 252nd – Number of Unsold Homes Owned by Banks (REOs)
  • 136th – Home Price as % of Income
  • 256th – Population Growth Rate

Chicago ranks 284th overall  (out of 300 cities) and 61st among 64 of the largest cities.

Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. With unemployment falling and house prices rising, the market as a whole has been in a boom, despite the fact that the new tax code has drastically reduced mortgage interest deductions. But while home values are rising, up 5.2% from last year, fewer homes are affordable because mortgage rates are rising. However, home prices and rental rates vary widely across the U.S. based on supply and demand.

If you aim for long-term growth, equity and profit, you’ll need to look beyond tangible factors like square footage and style. Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents.

To determine the best local real-estate markets in the U.S., WalletHub compared 300 cities of varying sizes across 23 key indicators of housing-market attractiveness and economic strength. Our data set ranges from median home-price appreciation to home sales turnover rate to job growth. Read on for our findings, expert insight from a panel of researchers and a full description of our methodology.

This chart shows the top 30 Best cities to own a home

Overall Rank (1=Best) City Total Score ‘Real-Estate Market’ Rank ‘Affordability & Economic Environment’ Rank
1 Boise, ID 73.68 1 38
2 Frisco, TX 72.44 9 1
3 Overland Park, KS 71.69 2 57
4 Cary, NC 71.07 7 3
5 Denton, TX 70.51 3 41
6 McKinney, TX 70.23 26 2
7 Carrollton, TX 70.02 6 21
8 Durham, NC 69.67 4 37
9 Allen, TX 69.52 13 6
10 Fort Wayne, IN 69.51 5 51
11 Murfreesboro, TN 69.19 18 4
12 Austin, TX 68.47 12 28
13 Fort Worth, TX 68.23 16 27
14 Gilbert, AZ 67.99 25 8
15 Grand Rapids, MI 67.88 8 103
16 Thornton, CO 67.58 19 43
17 Spokane Valley, WA 67.12 17 83
18 Aurora, CO 67.11 11 121
19 Wilmington, NC 66.83 10 156
20 Greeley, CO 66.8 20 84
21 Denver, CO 66.8 14 131
22 Charlotte, NC 66.6 29 22
23 Nashville, TN 66.45 24 70
24 Hillsboro, OR 66.42 35 16
25 Richardson, TX 66.32 34 17
26 Lexington, KY 66.31 22 86
27 Colorado Springs, CO 66.28 28 64
28 Chico, CA 66.2 23 82
29 Seattle, WA 65.84 15 179
30 Bellevue, WA 65.69 21 140

This Chart shows the 20 worst cities

280 Mobile, AL 46.08 268 263
281 Albany, NY 46.02 286 202
282 Fort Lauderdale, FL 45.99 288 169
283 Waterbury, CT 45.85 278 233
284 Chicago, IL 45.58 283 227
285 Rockford, IL 45.18 292 167
286 Fall River, MA 45.11 279 262
287 Bridgeport, CT 44.8 285 254
288 Hartford, CT 44.63 263 297
289 Cleveland, OH 44.12 289 248
290 Flint, MI 43.25 276 298
291 Paterson, NJ 43.24 284 290
292 Birmingham, AL 42.83 291 275
293 Baltimore, MD 42.24 295 215
294 Peoria, IL 41.89 296 183
295 Jackson, MS 40.88 293 287
296 Elizabeth, NJ 40.18 294 285
297 Miami Beach, FL 39.46 298 191
298 Dayton, OH 38.76 297 264
299 Detroit, MI 33.81 299 300
300 Newark, NJ 33.31 300 299

The study shows that in Illinois, Rockford ranks 5th as having the lowest home price as a percent of income, and ranks 284 out of 300 for having the most unsold homes that are owned by the bank.

  • Author
  • Recent Posts
Ray Hanania
Ray Hanania
Ray Hanania is an award-winning columnist, author & former Chicago City Hall reporter (1977-1992). A veteran who served during the Vietnam War and the recipient of four SPJ Peter Lisagor Awards for column writing, Hanania writes weekly opinion columns on mainstream American & Chicagoland topics for the Southwest News-Herald, Des Plaines Valley News, the Regional News, The Reporter Newspapers, and Suburban Chicagoland.  

Hanania also writes about Middle East issues for the Arab News, and The Arab Daily News criticizing government policies in the Israeli-Palestinian conflict.

Hanania was named "Best Ethnic American Columnist" by the New America Media in November 2007, and is the 2009 recipient of the SPJ National Sigma Delta Chi Award for column writing.

Email Ray Hanania at rghanania@gmail.com.

Follow RayHanania on Gettr.com, the uncensored Twitter Ray Hanania on Gettr, the new Twitter
Ray Hanania
Latest posts by Ray Hanania (see all)
  • Chicago Wolves winning streak continues, one win away from another sweep - May 23, 2022
  • Conservative Republican candidates rally in Orland Township - May 22, 2022
  • Chicago Wolves own Game 1 against Milwaukee Admirals - May 21, 2022
  • Tweet

SHARE THIS STORY
            
 
  
 
 
 
           
Baby Boomers, Chicago, General Topics, National, News, news release, Regional Midwest, Suburban Chicagoland Tags:best cities for real estate, Chicago, most bank owned homes, negative equity, Rockford, Wallet Huba, worst cities

Post navigation

Previous Post: Opinion: Federal judge tosses politically motivated lawsuit against Madigan
Next Post: Charter Fitness goes “All Access” raises fees

Related Posts

  • Morton College student charged with possessing weapons on school property Crime
  • Illinois Senator Tom Rooney, Arlington Heights, Illinois
    Senator Tom Rooney to upcoming town hall events in Arlington Heights Illinois Legislature
  • Cook County Treasurer Maria Pappas with elected officials and Arab community leaders at the Arab American Heritage celebration at Oozi Restaurant April 10, 2019. Photo courtesy of Anthony Caciopo
    Treasurer Maria Pappas postpones collections to help coronavirus victims Chicago
  • Grocery store sign informing customers in suburban Cook County that the Toni Preckwinkle tax hike on sweetened drinks (Soda) has been delayed because of a court challenge. Photo courtesy of Ray Hanania
    County law would make it harder to pass tax increases breaking news
  • Dads' Rights Attorney Jeffery M. Leving. Specializing in Fathers' Rights, Family Law, Child custody, divorce proceedings
    Court-ordered parenting time reunites dad with sons in fathers’ rights case Chicago
  • Thursday Morning Quarterback Show Features Prep Sports News

More Related Articles

The "Norwegian Gem", a cruise ship operated by the "Norwegian Cruise Line" and built in Papenburg, Germany 2006-2007. The photo was taken in Freeport, Bahamas at the 13th of March, 2008.  (Photo credit: Wikipedia) Cruise industry responds to Hurricane Irma, Harvey destruction Features
U2 The Joshua Tree Tour 2017 Biggest Tour Of The Year Surpasses 2.4 Million Tickets Sold (PRNewsfoto/Live Nation Entertainment) U2 Skips Chicagoland in latest tour Entertainment
Cook County Commissioner Frank Aguilar Cook County Approves Transportation Funding for Suburban Cook County Chicago
Petty Officer 3rd Class Mike Kremske, a native of Joliet, Illinois. Photo by Senior Chief Petty Officer Gary Ward Joliet native serves on advanced U.S. Navy Warship in Pacific General Topics
Bingo With Santa Orland Township Orland Township’s hosts Bingo with Santa Cook County
CoronaVirus courtesy of Wikipedia Second Illinois 2019 Novel Corona Virus Case Identified Chicago

Leave a Reply Cancel reply

You must be logged in to post a comment.

Login with your Social ID
  • OPINION COLUMNS
  • Former Congressman Barry Goldwater Jr., the son of the former presidential candidate and conscience of the Republican Conservative movement. Photo courtesy of Berry M. Goldwater Jr.
    Barry Goldwater Jr., son of Republican conservative icon, to keynote Gorman rally Friday
    May 18, 2022
  • Orland Township Supervisor Paul O’Grady and Illinois Secretary of State Jesse White held a ribbon cutting ceremony to officially open the driver services facility in the Orland Township Building, 14807 S. Ravinia Ave., Orland Park. Also attending the ribbon cutting were (from left): Orland Township Trustee Antonio Rubino, Orland Township Trustee John Lynch, Senator Bill Cunningham (D-Chicago), Orland Township Assessor Rich Kelly and Senator Michael Hastings (D-Frankfort).
    Illinois Secretary of State’s race is a mess
    May 8, 2022
  • The Political Pundit Comic Strip for May 3, 2022. By Ray Hanania
    The Political Pundit Comic Strip: Anyone who criticizes me hates the police
    May 3, 2022
  • Pekau Sign place along curb.
    Crime is down for everyone but Pekau, he claims
    April 29, 2022
  • Chicagos first minority and Woman Mayor Jane M. Byrne is often ignored by the mainstream media. Photo courtesy of Wikipedia
    Remembering Great Chicago Mayors, not just one
    April 23, 2022
  • Gas station image gasoline pump. Photo courtesy of Ray Hanania
    Governor and legislature turn public need into campaign greed
    April 16, 2022

Subscribe

  • Ray-Hanania-Newsletter-300-wide-Banner.jpg

Trending

  • Orland Township Supervisor Paul O’Grady and Illinois Secretary of State Jesse White held a ribbon cutting ceremony to officially open the driver services facility in the Orland Township Building, 14807 S. Ravinia Ave., Orland Park. Also attending the ribbon cutting were (from left): Orland Township Trustee Antonio Rubino, Orland Township Trustee John Lynch, Senator Bill Cunningham (D-Chicago), Orland Township Assessor Rich Kelly and Senator Michael Hastings (D-Frankfort). Illinois Secretary of Sta... Illinois Secretary of State's race is a mess Most elections are pretty muc... posted on May 8, 2022
  • Suspect Joseph Guzman, 20, charged in two separate homicides that took the lives of three people. April 28, 2022. Mugshot courtesy of the Cicero Police Cicero Police and Illinoi... Cicero Police and Illinois State police announce murder charges against two... posted on April 28, 2022
  • Closure notice from Mayor Lori Lightfoot for Arab and Muslim owned Citgo Gas Station at at 3759 W. Chicago Ave in Chicago. Mayor Lightfoot accused o... Mayor Lightfoot accused of targeting Arab and Muslim stores in gang crackdo... posted on May 7, 2022
  • Classic and great tasting Shish Kabob plate with skewers of beef, lamb, and kuftah on a bed of yellow and red rice at Zwar in Orland Park. Photo courtesy of Ray Hanania Finally an Arab Restauran... Finally an Arab Restaurant in Orland Park Americans will love One of the b... posted on April 29, 2022
  • The Political Pundit Comic Strip for May 3, 2022. By Ray Hanania The Political Pundit Comi... The Political Pundit Comic Strip: Anyone who criticizes me hates the police... posted on May 3, 2022
  • NEWS
  • Chicago Wolves David Gust, from Orland Park in Chicago's Southwest Suburbs. Photo courtesy of the Chicago Wolves
    Chicago Wolves winning streak continues, one win away from another sweep
    May 23, 2022
  • Republican conservatives Elizabeth "Liz" Doody Gorman, Committeewoman of Orland Township, and Steve Balich, Committeeman of Homer Township, welcomed attendees at a GOP rally Friday May 20, 2022 in Orland Township
    Conservative Republican candidates rally in Orland Township
    May 22, 2022
  • Chicago Wolves own Game 1 against Milwaukee Admirals
    May 21, 2022
  • Congressman Sean Casten
    Casten Introduces bill to Help Communities Facing Flood Damage  
    May 19, 2022
  • ormer City Hall reporter Ray Hanania, ShawnTe Raines-Welch and Nick Kantas, candidates for Judge in the 4th SubCircuit, and Cook County Commissioner Frank Aguilar.
    Arab Democratic Club forum hosts candidates for public office at brunch May 15
    May 17, 2022
  • Orland Township hosts Job Fair
    Orland Township events: Walk & Talk program, and Summer Job Fair
    May 17, 2022
  • The-Kings-Pawn-Book-300-x-300.png

The Political Pundit

Political Pundit Aug. 24, 2021. Taliban thanks president for boxes of MAGA hats
  • WORD PRESS REVIEWS
  • MyCloud by Western Digital, a hard drive that doesn't last. Don't purchase Western Digital.
    Western Digital tubes its loyal customers for profit
    October 17, 2021
  • Macho Themes website front page. Don't buy their themes. They don't work
    Difficulties with Macho Themes for WordPress
    August 21, 2021
  • TECHNOLOGY REVIEWS
  • Netflix is the best streaming service, despite drop in stock price
    April 20, 2022
  • Book Cover "Laptop from Hell" by Miranda Devince
    Questions remain unanswered about Hunter Biden’s ties to Ukraine
    February 20, 2022
  • Amazon.com's "Day 1" tower in Seattle, WA in January 2017. Photo courtesy of Wikipedia
    Clifford Law to sue Amazon after employee is killed by tornado at downstate distribution center
    January 16, 2022

Follow Ray Hanania at
Gab.com, MeWe.com
IDobbinate.com,
Twitter, Facebook

Creative Commons License
All works on this website is licensed under a Creative Commons Attribution 4.0 International License. Do not edit original work. Give credit to the original source.

What We’re Reading

Arab News Newspaper Leading English Language Publication in the GulfArab News Newspaper

Ray Hanania on Politics
SW News Newspaper Group

  • SPORTS
  • Chicago Wolves David Gust, from Orland Park in Chicago's Southwest Suburbs. Photo courtesy of the Chicago Wolves
    Chicago Wolves winning streak continues, one win away from another sweep
    May 23, 2022
  • Chicago Wolves own Game 1 against Milwaukee Admirals
    May 21, 2022
  • Chicago Wolves face-off with Toronto Marlies Nov. 13, 2021
    Chicago Wolves sweep AH regular season awards
    May 1, 2022
  • Muhammad Ali Center United Way
    Muhammad Ali Center, Metro United Way partner for Greatest Give Back
    April 29, 2022
  • NEWS RELEASES
  • Orland Township hosts Job Fair
    Orland Township events: Walk & Talk program, and Summer Job Fair
    May 17, 2022
  • Liz Gorman hosts Forum for Republican Candidates May 20. Former Congressman Barry Goldwater Jr., the son of the former presidential candidate and conscience of the Republican Conservative movement, will be a keynote speaker
    Barry Goldwater Jr., son of former GOP Presidential icon, headlines Gorman Republican Forum
    May 16, 2022
  • Two backpacks full of emergency supplies sit ready for action in John and Chloe Clayborn’s Lincoln Park living room — one “go bag” for each of them.
    Maintaining Calm Amid Chaos: Families Pack ‘Go Bags’ to be Ready for Natural Disasters
    May 6, 2022
  • Candidate for Cook County Board President Richard Boykin in the June 28, 2022 Democratic Primary election
    Preckwinkle challenger Richard Boykin unveils 7-point Holistic Public Safety Plan to address the County’s escalating crime rates
    April 21, 2022
  • Jeffery M. Leving fights for your rights
    Children rescued from abusive home now safe, Dads’ Rights attorney Leving reports
    April 19, 2022
Two Guys on PoliticsTwo Guys on Politics

John Kass Columns

Order the book PoweR PR; Ethnic Activists Guide to Strategic Communications
  • BUSINESS NEWS
  • Orland Township hosts Job Fair
    Orland Township events: Walk & Talk program, and Summer Job Fair
    May 17, 2022
  • Closure notice from Mayor Lori Lightfoot for Arab and Muslim owned Citgo Gas Station at at 3759 W. Chicago Ave in Chicago.
    Mayor Lightfoot accused of targeting Arab and Muslim stores in gang crackdown
    May 7, 2022
  • John Husnick provides direction at Worth Township Career Fair
    Building Trades Career Fair offers opportunities for students
    April 29, 2022
  • Jeffery M. Leving fights for your rights
    Leving to present on dad’s rights legal issues at Horasis Global meeting Friday March 4, 2022
    March 3, 2022
Click this link to watch or use the widget below:

Click here to view the video on YouTube or use the widget below.
Email Ray Hanania for more information about performing at your event at rghanania@gmail.com.

Copyright © 2022 Suburban Chicagoland & Urban Strategies Group

Powered by PressBook Premium theme