Naperville, Illinois Real Estate

Here are some facts for those looking to purchase real estate in Naperville. Naperville is the fourth largest city in the state of Illinois. Because of its size, it has the perfect mix of urban and suburban amenities. It has plenty of restaurants, theatres and shops, but has a low crime rate and a practically non-existent poverty rate.

Naperville is the wealthiest city in the United States, and it shows. More than 140,000 of Naperville’s 150,000 residents make at least $150,000 per year. Many of Naperville’s neighborhoods are made up of large, luxurious multi-million dollar homes. The average American does not live in a multi-million dollar home, typical of Naperville. Naperville has more than just luxury homes; there are other options for people looking to purchase real estate for well under a million.

The affluence of Naperville can be attributed to the many high-tech companies that are located there, such as Lucent Technologies, BP North American Chemical Headquarters, and Tellabs. Before becoming the home of so many high-tech companies Naperville was just a farming town.

The wealth of Naperville’s residents has highly benefited the city. People who have children or are looking to start a family usually look into an area’s public school system before purchasing real estate. Naperville has some of the best public schools in the country. Naperville’s high schools rank in the top three percent in the country. There are eight institutions of higher learning located there. Also, Naperville has the best public library in the nation. It was voted number one by American Libraries Magazine for eight years in a row.

Naperville is a good place to purchase real estate, for those wanting to move to a midsize city. Naperville homes will be significantly pricier than a home in a city of similar size because of it affluence, but there are many benefits to living in the wealthiest city in the country. By purchasing a smaller, modest home, one can spend less than the average Naperville resident but still have access to the best schools, parks, entertainment, etc.