Elmwood Park Ranks Top 5 Nationally for Desirable Places to Live Comments Off

Home affordability, commute, crime, and schools taken into account

ELMWOOD PARK, Ill. – Elmwood Park makes the top five on a national list of “25 Neighborhoods that ‘Have it All,’” according to a ranking by Redfin, a national real estate company. Redfin took data from 80 major U.S. markets and analyzed it to find neighborhoods with highly-desirable characteristics, such as home affordability, an easy commute, low crime and good schools.

“The Village has worked hard to make Elmwood Park an affordable, safe, family-friendly place to live,” said Village President Angelo “Skip” Saviano. “We have invested in our streets.  We have taken huge steps to protect our homes from flooding.  We have added to our parks, beautified our business districts and strategically added resources to keep our community clean and safe.  I’m very proud that we made this list and look forward to another year of progress throughout 2018.”

Elmwood Park was ranked number five on the list, with a median home sale price of $250,000. Only 25 locations across the US were included in the ranking. Analysts said that these towns and neighborhoods were places to keep an eye on in 2018. Other areas in Chicago, Pittsburgh, Cleveland, San Antonio, Dallas, Houston, and Miami also made the list.

In order to determine which neighborhoods “have it all,” Redfin analysts crunched data from November 2017. They considered zip codes where the median home price was below the national median of $291,700 for affordability; home selling speed; neighborhoods with a GreatSchools rating of 5 (average) or higher; transit scores on Walk Score of at least 50; and low crime rates.

The Redfin analysis also predicts the national trend of people moving away from expensive, high-tax coastal markets towards smaller and more affordable cities to continue and intensify in 2018.  You can see the full report at http://redf.in/2FqdX4m.