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Illinois real estate

Illinois

The recession may be over, but Illinois is still struggling to get back on track. Thanks to a weak state economy and a high cost of living, many Illinoisans are actually worse today than they were during the recession. As of January 2013, 15% of people in the Prairie State were living in poverty – compared to 12% during the recession.

But what about people who are holding their own, financially? Are they investing in the local housing market?

It seems that they are!

In December 2012, the number of home sales in Illinois jumped more than 15%, and the median sales price rose more than 5%. Overall, the number of home sales in 2012 was 22% higher than it was in 2011. Realtors around Illinois say those numbers are proof that the market here is in recovery mode. In fact, the word that the Illinois Association of Realtors is using is “resilience”, because of the strides that the state’s housing market took, especially towards the end of the year.

What about the state’s biggest city – Chicago? After all, Illinois can’t see true housing market recovery without big strides in the Windy City!

Luckily, the end of the year sales rush was especially-strong here. Realtors in Chicago say the number of home sales went up 14% in December. For 2012 as a whole, more than 90,000 homes were sold around the Windy City. That’s the highest number of sales since before the recession began!

But an increase in sales isn’t the only thing that Chicago realtors are bragging about. People here are also thrilled to see that selling prices have also taken a big step forward. In December, the median sales price went up a whopping 19%, to $151,500. Even though that price is still well below what it was before the recession hit, prices here have been on the rise for nine straight months, so things are certainly headed in the right direction.

Buyers are also snapping up homes in Chicago faster than they have in awhile. And, thanks to a decrease in demand, lots of sellers are getting multiple offers – so selling a home here has become a whirlwind process!

There’s also good news in Springfield, where the number of home sales was 9.4% higher in 2012 than it was in 2011. In fact, realtors in Springfield were just as busy last year as they were before the recession began!

Economically, Illinois may have a long way to go. Luckily, there is enough demand for housing in spite of those economic weaknesses that the market looks to have a strong 2013!

Living in Illinois

Do you want to live in a place that’s got plenty to do – from museums and amusement parks to the serenity of state parks and eagle-watching tours? Welcome to Illinois!

Known as the “Land of the Lincoln,” Illinois is also rich in history. It’s home to Presidents Abraham Lincoln and Ronald Reagan, while Ulysses S. Grant and Barack Obama were elected while living here.

If you decide to live here, count on experiencing humid summers and cold winters. The north part of the state gets at least 38 inches of snow. Winters in the southern tip are milder, though, with only about 14 inches of snow.

Here are the fast facts about Illinois:

  • What is the population of Illinois?
  • The population of Illinois is 12,875,255
  • What is the capital of Illinois?
  • The capital of Illinois is Springfield
  • What is the largest city in Illinois?
  • The largest city in Illinois is Chicago

Illinois is considered one of America’s leaders in manufacturing – with food, chemical, transportation equipment, machinery, fabricated metal, plastic, rubber, computer and electronic product manufacturing all done here. Corn production is very important to Illinois, as it is used to create 40 percent of the ethanol consumed in the country. Illinois is also a top refiner of petroleum. Long story short, there are plenty of career opportunities here!

Away from work, this state has so much to offer, especially if you enjoy museums and historical sites. The Abraham Lincoln Presidential Library and Museum, located in Springfield, contains life-size dioramas of the White House, Ford’s Theater, as well as Lincoln’s childhood home.

The Historic National Road Scenic Byway encompasses the first highway in American history covering 164 miles, from the Wabash Valley, to the Mississippi River. The Great River Road follows the Mississippi River along the western side of Illinois for more than 550 miles.

If you like learning about architecture, the Chicago Architecture Foundation River Cruise offers an excellent tour of more than 50 buildings along the Chicago River.

Illinois is also known for its motor racing tradition, from the Chicagoland Speedway and the Chicago Motor Speedway to the Gateway, the speedways offer fast-paced fun for everyone.

If you crave roller coasters and other thrills, the Six Flags Great America theme park is located in the Chicago metropolitan area.

Bottom line – there’s something for everyone here!

This is the Census data for Illinois

Population

Total population estimate for Illinois (July 1) 2012
12,875,255
Total population change for Illinois- April 1, 2010 to July 1, 2012
0.3%

Age

Percentage of the population that's under 5 years old in Illinois, 2011
6.4%
Percentage of the population that's under 18 years years old in Illinois, 2011
24.1%
Percentage of the population that's 65 years and over Illinois, 2011
12.7%

Gender

Percentage of the population that are females in Illinois, 2011
50.9%

Race breakdown for Illinois in percentages

White alone, 2011
78.0%
Black alone, 2011
14.8%
American Indian and Alaska Native alone,2011
0.6%
Asian alone, percent, 2011
4.8%
Native Hawaiian and Other Pacific Islander alone, 2011
0.1%
Two or more races, 2011
1.7%
Hispanic or Latino Origin, 2011
16.2%
Not Hispanic, White alone, 2011
63.3%

A little more about the residents of Illinois

Percentage of residents who lived in the same house 1 year ago, 2007-2011
86.7%
Percent of residents who are foreign born 2007-2011
13.7%
Percent speaking a language other than English at home, 2007-2011
22.0%

Education

Percent high school graduates or higher for residents 25 years old and over in Illinois, 2007-2011
86.6%
Percent with a bachelor's degree or higher for residents 25 years old and over in Illinois, 2007-2011
30.7%

Veterans

Total number of Veterans living in Illinois 2007-2011
770,388

Communting

The average travel time to work for workers in Illinois (16 years and over not working at home), 2007-2011
28.1 mins

Real estate stats in Illinois

Housing unit estimates, 2011
5,297,318
Owner-occupied housing units - percent of total occupied housing units, 2007-2011
68.7%
Housing units by units in structure - multi-dwelling structure, percent, 2007-2011
32.9%
Median value of specified owner-occupied housing units, 2007-2011
$198,500.00
Households, 2007-2011
4,773,002
Average household size, 2007-2011
2.62

Income

Per capita income for Illinois in the past 12 months (in 2011 inflation-adjusted dollars), 2007-2011
$29,376.00
Median household income in Illinois, 2007-2011
$56,576.00
Percentage of people living in poverty in Illinois 2007-2011
13.1%

Business and commerce info for Illinois

Private nonfarm establishments, 2010
314,171
Private nonfarm employment for pay period including March 12, 2010
4,980,011
Private nonfarm employment for pay period including March 12, 2010, percent change, 2000-2010
-9.5%
Total number of businesses in Illinois, 2007
1,123,817
Percentage of Black-owned businesses in Illinois, 2007
9.5%
Percentage of American Indian- and Alaska Native-owned businesses in Illinois , 2007
0.5%
Percentage of Asian-owned businesses in Illinois, 2007
5.3%
Percentage of Native Hawaiian- and Other Pacific Islander-owned businesses in Illinois, 2007
0.1%
Percentage of Hispanic-owned businesses in Illinois, 2007
5.0%
Percentage of Women-owned businesses in Illinois, 2007
30.5%

Land size and population

Size of Illinois in Square Miles, 2010
55,518.93 mi²
Population per square mile in Illinois, 2010
231.1

Illinois real estate

Addison

Arlington Heights

Aurora - DuPage County

Aurora (Will County)

Bannockburn

Barrington - Lake County

Barrington Hills

Bartonville

Batavia

Bedford Park

Beecher

Belleville

Bellevue

Belvidere

Berwyn

Bloomingdale

Bloomington

Blue Island

Bluford

Bourbonnais

Bradley

Buffalo Grove

Buncombe

Burbank

Burr Ridge

Calumet City

Camp Point

Campton Hills

Carpentersville

Carrier Mills

Cave-In-Rock

centralia

Champaign

Channahon

Channel Lake

Chatham

Chicago Heights

chicago ridge

Chicago Ridge

Christopher

Clarendon Hills

Country Club Hills

Crainville

Creal Springs

Crest Hill

Dalton

Deer Park

Deerfield - Lake County

Des Plaines

Downers Grove

E Moline

East Dundee

Eddyville

Edelstein

Effingham

Elk Grove Village

Elmwood Park

Equality

Evergreen Park

Forest Park

Forest View

Fox Lake (Lake County)

Frankfort Square

Franklin

Franklin IL

Franklin Park

Freeport

Garden Prairie

Glendale Heights

Glenview

Glenwood

Golden Eagle

Greenview

Hammond

hampshire

Hanover Park

Hanover Park (Cook County)

Hawthorn Woods/ Kildeer

Henderson

Herscher

Highland Park

Hinckley

Hoffman Estates

Holiday Hills

Homer Glen

Hometown

Hopkins Park IL

HUNTLEY

Indian Head Park

Inverness

Inverness IL

Inverness, IL

Island Lake

Jacksonville

Jacksonville IL

Johnston City

Joliet Il

KILDEER

Kinmundy

La Grange Highlands

La Grange Park

La Salle

Lake Barrington

Lake Holiday

Lake In The Hills

Lake Villa

Lakemoor

Lindenhurst

Machesney Park

Markham

Maryville

Maywood

McHenry

MCHENRY

McLeansboro

Melrose Park

Merrionette Park

Metropolis

Midlothian

Millbrook

Montgomery

Morrisonville

Morton Grove

Mount Olive

Mount Prospect

Mundelein

Murphysboro

Naperville - Will County

North Aurora

North Barrington

North Chicago

Oak Lawn IL

Oakwood Hills

O'Fallon

Oglesby

Orland Hills

orland park

Other City - Not In The State Of Florida

Outside Area (Inside Ca)

Outside Area (Outside Ca)

Palatine IL

Palmyra

Park Forest(Cook County)

Pecatonica

Peoria

Peotone

Pleasant Plains

Poplar Grove

Prairie Grove

Prospect Heights

pulaski

Raleigh

Reddick

Richton

Ridgway

River Grove

Rock City

Rock Island

Rockdale

Rolling Meadows

Romeoville

Rosiclare

Rosiclare IL

Round Lake

Round Lake Beach

Round Lake Park

Sandwich

Sauk Village

Scales Mound

Schiller Park

Shawneetown

Sherrard

South Holland

South Wilmington

Spring Grove

spring valley

St. Jacob

Staunton

Stickney

Stillman Valley

streater

Streator

Swansea

Thompsonville

Thornton

Vernon Hills

W0lf Lake

Wadsworth

Waukegan

Westchester

Western Springs

Wheaton

Wheeling

Willow Springs

Willowbrook

Winchester

Winthrop Harbor

Wonder Lake

Woodridge

Woodson

Woodstock

Yrkville