Why Live in Ballard Terrace
Ballard Terrace in Niles is a diverse neighborhood featuring a mix of single-family homes, townhouses, and apartment buildings. Home styles range from ranch-style and bilevel homes with beige brick and stone façades to custom builds exceeding 4,000 square feet. Prices for these homes vary, with single-family homes ranging from $320,000 to around $1 million, and townhomes priced between $220,000 and $350,000. The neighborhood is known for its community spirit, with residents frequently participating in block parties supported by the city. Golf Mill Park is a central attraction, offering paved walking paths, ball fields, and courts, and hosting events like the District 63 Education Foundation Fun Fest & Carnival and Holly Jolly Fest. Milwaukee Avenue provides essential shopping and dining options, including Papagalino’s Café and Niles Grill Diner. While the area is primarily car-dependent, the Niles Free Bus and nearby Metra stops offer public transit options. For longer commutes, I-294 and I-94 provide routes to Chicago, and Chicago O'Hare International Airport is 8 miles away. Students attend schools in the East Maine School District 63, with Gemini Middle School earning high ratings. The neighborhood's crime rate is lower than the national average, contributing to its appeal for families.
Frequently Asked Questions
Is Ballard Terrace a good place to live?
Ballard Terrace is a good place to live. Ballard Terrace is considered fairly walkable and bikeable with good transit options. Ballard Terrace has 4 parks for recreational activities. It has a median age of 43. The average household income is $109,345 which is above the national average. College graduates make up 40% of residents. A majority of residents in Ballard Terrace are home owners, with 43.3% of residents renting and 56.7% of residents owning their home. A
local real estate agent serving Ballard Terrace can help you decide if this neighborhood is the right one for you. Learn more on our
Ballard Terrace neighborhood guide.
How much do you need to make to afford a house in Ballard Terrace?
The median home price in Ballard Terrace is $319,949. If you put a 20% down payment of $64,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,630 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $70K a year to afford the median home price in Ballard Terrace. The average household income in Ballard Terrace is $109K.
What are the best public schools in Ballard Terrace?
The best public schools that serve Ballard Terrace are:
What are the best private schools in Ballard Terrace?
The best private schools that serve Ballard Terrace are:
- Embers Academy has an A+ Niche grade, a student teacher ratio of 10:1 and an average review score of 5.0.
- Northridge Preparatory School has an A+ Niche grade, a student teacher ratio of 10:1 and an average review score of 4.5.
- Notre Dame College Prep has an A- Niche grade, a student teacher ratio of 14:1 and an average review score of 4.5.
What are the most popular zip codes in Ballard Terrace, Niles, IL?
What are the most popular neighborhoods near Ballard Terrace, Niles, IL?
Are home prices dropping in Ballard Terrace?
Yes, home prices in Ballard Terrace are down 24% in the last 12 months.
Home Trends in Ballard Terrace, IL
On average, homes in Ballard Terrace, Niles sell after 25 days on the market compared to the national average of 52 days. The median sale price for homes in Ballard Terrace, Niles over the last 12 months is $316,000, down 27% from the median home sale price over the previous 12 months.
Median Sale Price
$316,000
Median Single Family Sale Price
$450,000
Median Townhouse Sale Price
$311,000
Median 2 Bedroom Sale Price
$215,000
Average Price Per Sq Ft
$256
Number of Homes for Sale
2
Last 12 months Home Sales
18
Median List Price
$319,949
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-27%