Why Live in Reseda
Reseda, located just outside the village of Palatine, offers a suburban lifestyle with the convenience of proximity to Chicago. The neighborhood features narrow streets lined with old-growth oaks and a mix of Colonial-revival and split-level homes, many built in the 1970s. Some homes may require upgrades, but the community's charm and quiet atmosphere make it appealing. Reseda is served by the highly rated Community Consolidated School District 15, including Lincoln and Virginia Lake Elementary, Walter R. Sundling Junior High School, and Palatine High School, which has received the Department of Education’s Blue Ribbon Award twice. Outdoor enthusiasts will appreciate the Palatine Trail, Gbur Sports Fields, Hamilton Reservoir, and Deer Grove Forest Preserve, which offer various recreational activities. Local dining options include the family-owned Palatine Inn, Chiggy’s Gyros, Pizza Bella, and Annie’s Restaurant & Pancake House. For shopping, residents frequent Palatine Plaza and Deer Grove Centre. Public transit via the Metra train provides easy access to Chicago, while NorthWest Community Hospital is just 4 miles away, and O’Hare International Airport is 16 miles away. Community events such as Street Fest, Hometown Fest, and Oktoberfest foster a strong sense of community. Reseda's crime rate is lower than the national average, contributing to its appeal for families and individuals alike.
Frequently Asked Questions
Is Reseda a good place to live?
Reseda is a good place to live. Reseda is considered car-dependent and bikeable. Reseda is a suburban neighborhood. Reseda has 9 parks for recreational activities. It is somewhat dense in population with 6.6 people per acre and a median age of 45. The average household income is $130,498 which is above the national average. College graduates make up 52.1% of residents. A majority of residents in Reseda are home owners, with 29.4% of residents renting and 70.6% of residents owning their home. A
local real estate agent serving Reseda can help you decide if this neighborhood is the right one for you. Learn more on our
Reseda neighborhood guide.
How much do you need to make to afford a house in Reseda?
The median home price in Reseda is $267,500. If you put a 20% down payment of $53,500 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,360 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $58K a year to afford the median home price in Reseda. The average household income in Reseda is $130K.
What are the best public schools in Reseda?
The best public schools that serve Reseda are:
What are the best private schools in Reseda?
The best private schools that serve Reseda are:
What are the most popular zip codes in Reseda, Palatine, IL?
What are the most popular neighborhoods near Reseda, Palatine, IL?
Home Trends in Reseda, IL
On average, homes in Reseda, Palatine sell after 22 days on the market compared to the national average of 52 days. The median sale price for homes in Reseda, Palatine over the last 12 months is $273,500, up 33% from the median home sale price over the previous 12 months.
Median Sale Price
$273,500
Median Single Family Sale Price
$519,000
Median Townhouse Sale Price
$275,000
Median 2 Bedroom Sale Price
$195,000
Median 1 Bedroom Sale Price
$153,250
Average Price Per Sq Ft
$213
Number of Homes for Sale
8
Last 12 months Home Sales
58
Median List Price
$267,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
33%