Illinois can be divided into Chicago and rural areas. Alas, the same can be said for Illinois real estate prices.
Illinois
The birth home of President Lincoln, Illinois is a state with two identities. Chicago is an overwhelming presence and essentially a state unto itself. The rest of Illinois can be classified as much more rural with the down home atmosphere such places take on. This presents you with a unique living opportunity as you can choose to live in low stress towns and venture into impressive Chicago on weekends or for word. On the other hand, you can live in Chicago and take tranquil weekends outside of the bustling city. In short, Illinois offers a little something for everyone.
Chicago
Known as the “Windy City,” Chicago really need no introduction. Gothic architecture. The home of the blues. Da’ Bears. Sears Tower. John Hancock Building. Water Tower Place. Navy Pier. Shedd Aquarium. Frank Lloyd Wright. The Wrigley Building. Chicago Botanical Gardens. Wrigley Field. The list just goes on and on when talking about Chicago and I haven’t even mentioned the food. Chicago is simply a world unto itself.
Food is a central theme to Chicago. If you’re looking to stay thin, good luck. The legendary eating establishments are to numerous to list, but a good way to introduce yourself to the delicious delicacies of Chicago is the Taste of Chicago Festival at Grant Park in late June. 10 pounds. No, maybe 20 pounds. That’s what you’ll gain at this slice of eating heaven attended by thousands of people.
The third most populated city in the country, Chicago is immensely impressive. Despite the number of people, you’ll find getting around fairly simply due to excellent public transportation and excellent planning. Little shops and ethnic neighborhoods dominate the city and it is really a place to just get out and explore. A major economic power, Chicago is home to numerous major corporations and typically has a strong job market.
If sports are your thing, welcome to nirvana. Chicago residents are mad about Da’ Bears, Bulls and Blackhawks. For baseball, there is the lovable loser Cubs and the World Champion White Sox. For the non-professional, recreation leagues throughout the city contribute to a thriving sports scene.
If you’re looking for the big city life, Chicago should be near the top of the list. You could spend years exploring the city and still be missing out on gems.
Springfield
The state capital, Springfield is known best as the hometown of President Abe Lincoln. You’ll find all types of attractions related to President Lincoln including his home, burial location and so on. Roughly 200 miles south of Chicago, Springfield is a quiet town with a relaxed atmosphere. When you think of the Midwest, this is the place. The town has plenty of open areas and can best be described as a fairly basic town. Outside of it, you’ll find beautiful lakes and prairies giving rise to lots of outdoor activities.
Illinois Real Estate
Illinois real estate prices range dramatically depending upon the location. At the low end of the scale, you’ll find homes in Springfield costing roughly $200,000 while Chicago real estate averages in the $800,000. The average for Chicago homes is deceiving as prices are highly dependent upon the particular part of town you are in.
Overall, Illinois real estate has appreciated at a rather disappointing 9.5 percent in 2005. These numbers, however, can be misleading since the rate is dependent on the specific location.