Why Live in The Terrace
The Terrace neighborhood in Niles features a grid of single-family homes, including Cape Cods and midcentury ranch-style houses, with square lawns and detached garages. The area is primarily residential, with a few retailers on Dempster Street. The crime rate is lower than the national average. Oak Park, within walking distance, offers ball fields, courts, a playground, and a butterfly garden, and hosts a free concert series on summer Fridays. Grennan Heights Park, less than a mile south, provides outdoor fields, courts, a playground, and an indoor gym for youth programs. The North Branch Trail, accessible from Miami Woods a mile north, offers a continuous biking and walking path to the Chicago Botanic Garden. Dempster Street features shops and dining options, including Village Plaza with stores like Hobby Lobby and TJ Maxx, and eateries such as Culver’s and Tava Fresh Taste of India. Milwaukee Avenue has various global cuisine restaurants and will see a major redevelopment of Golf Mill Shopping Center by 2027. Annual events include a Fourth of July Parade and the Big Greek Food Fest. The Terrace is car-dependent, but Pace Suburban buses and nearby Metra and L train stations provide public transit options. Schools in the area include highly rated Melzer Elementary, Gemini Middle School, and Maine East High School, as well as the private Notre Dame College Prep.
Frequently Asked Questions
Is The Terrace a good place to live?
The Terrace is a good place to live. The Terrace is considered somewhat walkable and bikeable with some transit options. The Terrace is a neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. The Terrace has 4 parks for recreational activities. It has a median age of 51. The average household income is $106,478 which is above the national average. College graduates make up 45.4% of residents. A majority of residents in The Terrace are home owners, with 13% of residents renting and 87% of residents owning their home. A
local real estate agent serving The Terrace can help you decide if this neighborhood is the right one for you. Learn more on our
The Terrace neighborhood guide.
Is The Terrace, IL a safe neighborhood?
The Terrace, IL is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in The Terrace?
The median home price in The Terrace is $839,000. If you put a 20% down payment of $167,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $4,350 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $186K a year to afford the median home price in The Terrace. The average household income in The Terrace is $106K.
What are the best public schools in The Terrace?
The best public schools that serve The Terrace are:
- Maine East High School has an A Niche grade, a student teacher ratio of 14:1 and an average review score of 3.9.
- Melzer School has a B+ Niche grade, a student teacher ratio of 12:1 and an average review score of 4.7.
- Gemini Middle School has a B+ Niche grade, a student teacher ratio of 12:1 and an average review score of 4.4.
What are the best private schools in The Terrace?
The best private schools that serve The 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.
- St. Juliana School has an A- Niche grade, a student teacher ratio of 20:1 and an average review score of 4.5.
What are the most popular zip codes in The Terrace, Niles, IL?
What are the most popular neighborhoods near The Terrace, Niles, IL?
Are home prices dropping in The Terrace?
Yes, home prices in The Terrace are down 65% in the last 12 months.
Home Trends in The Terrace, IL
On average, homes in The Terrace, Niles sell after 61 days on the market compared to the national average of 70 days. The median sale price for homes in The Terrace, Niles over the last 12 months is $670,000, down 61% from the median home sale price over the previous 12 months.
Median Sale Price
$670,000
Median Single Family Sale Price
$609,900
Average Price Per Sq Ft
$590
Number of Homes for Sale
1
Last 12 months Home Sales
13
Median List Price
$839,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-61%