Why Live in Terramere
Terramere, located in the northern part of Arlington Heights, IL, is a neighborhood that balances retail convenience, natural beauty, and residential tranquility. This suburb, which grew significantly during the 1950s, features a mix of home styles including ranch, split-level, Victorian, and multimillion-dollar homes. The neighborhood's winding streets surround Lake Terramere, providing a picturesque setting. Terramere is known for its highly rated schools, including Henry W. Longfellow Elementary School, Cooper Middle School, and John Hersey High School, which offers Advanced Placement and dual credit courses. Residents enjoy proximity to a bustling downtown shopping district just six minutes away, offering a variety of dining and retail options. Local highlights include Terramere Plaza, featuring the popular Yen Yen Restaurant, and Chase Plaza, home to Buffalo Restaurant & Ice Cream Parlor with its retro midcentury interior. Nature enthusiasts can explore the Buffalo Creek Forest Preserve with its extensive trails and wildlife, or enjoy Lake Terramere Park, which offers picnic areas, a playground, and fishing opportunities. The neighborhood is safer than the national average, providing peace of mind for residents. Additionally, Chicago is just an hour's drive away via Interstates 290 and 294, making it convenient for commuting or city excursions.
Frequently Asked Questions
Is Terramere a good place to live?
Terramere is a good place to live. Terramere is considered car-dependent and bikeable. Terramere has 7 parks for recreational activities. It is fairly sparse in population with 5.9 people per acre and a median age of 46. The average household income is $140,818 which is above the national average. College graduates make up 65.6% of residents. A majority of residents in Terramere are home owners, with 7.4% of residents renting and 92.6% of residents owning their home. A
local real estate agent serving Terramere can help you decide if this neighborhood is the right one for you. Learn more on our
Terramere neighborhood guide.
Is Terramere, IL a safe neighborhood?
Terramere, IL is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Terramere?
The median home price in Terramere is $444,950. If you put a 20% down payment of $89,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,300 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $99K a year to afford the median home price in Terramere. The average household income in Terramere is $141K.
What are the best public schools in Terramere?
The best public schools that serve Terramere are:
What are the best private schools in Terramere?
The best private schools that serve Terramere are:
- St Mary School has an A Niche grade, a student teacher ratio of 14:1 and an average review score of 5.0.
- NewHope Academy has a student teacher ratio of 4:1.
What are the most popular zip codes in Terramere, Arlington Heights, IL?
What are the most popular neighborhoods near Terramere, Arlington Heights, IL?
Home Trends in Terramere, IL
On average, homes in Terramere, Arlington Heights sell after 4 days on the market compared to the national average of 70 days. The median sale price for homes in Terramere, Arlington Heights over the last 12 months is $597,000, up 55% from the median home sale price over the previous 12 months.
Median Sale Price
$597,000
Median Single Family Sale Price
$438,500
Average Price Per Sq Ft
$246
Number of Homes for Sale
1
Last 12 months Home Sales
2
Median List Price
$444,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
55%