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Emerson Place Home Prices vs. Nearby Niles, IL Neighborhoods

Emerson Place Grennan Heights Rose Hill Farm Arlington Highlands
Median Home Price
$499,950
$459,450
$485,000
$499,900
Median Sale Price
$517,750
-31% YoY
$455,950
+12% YoY
$493,000
+2% YoY
$480,000
-14% YoY
Median Single Family Price
$517,750
$455,950
$485,000
$495,000
Total Active Listings
0
0
3
2
Market Conditions
0 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market
3 Months of Supply
Seller's Market
5 Months of Supply
Balanced Market

Frequently Asked Questions

Is Emerson Place a good place to live?
Emerson Place is a good place to live. Emerson Place is considered somewhat walkable and bikeable with some transit options. Emerson Place is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Emerson Place has 3 parks for recreational activities. It has a median age of 48. The average household income is $180,167 which is above the national average. College graduates make up 51.3% of residents. A majority of residents in Emerson Place are home owners, with 6% of residents renting and 94% of residents owning their home. A local real estate agent serving Emerson Place can help you decide if this neighborhood is the right one for you. Learn more on our Emerson Place neighborhood guide.
Is Emerson Place, IL a safe neighborhood?
Emerson Place, IL is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Emerson Place?
The median home price in Emerson Place is $499,950. If you put a 20% down payment of $100,000 and had a 30-year fixed mortgage with an interest rate of 6.43%, your estimated principal and interest payment would be $2,510 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $108K a year to afford the median home price in Emerson Place. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Emerson Place is $180K.
What are the best public schools in Emerson Place?
The best public schools that serve Emerson Place are:
What are the best private schools in Emerson Place?
The best private schools that serve Emerson Place are:
What are the most popular zip codes in Emerson Place, Niles, IL?
The most popular zip codes in Emerson Place, Niles, IL include 60068, 60714, 60631, 60053 and 60016.
What are the most popular neighborhoods near Emerson Place, Niles, IL?
The most popular neighborhoods near Emerson Place, Niles, IL are Ransom Ridge, Grennan Heights, Oak Park, Ballard Terrace and Edison Park.
Are home prices dropping in Emerson Place?
Yes, home prices in Emerson Place are down 33% in the last 12 months.
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