The list of the 25 most expensive Chicago area zip codes in 2019 includes Wayne (14) and Barrington (17).
That ka-ching sound you hear could be coming from down the street or around the corner. Chicagoland has some pricey areas when it comes to real estate sales.
According to real estate website PropertyShark, of the 10 most expensive ZIP codes in the entire Chicago area, six are North Shore communities, three are western suburbs, and one is in the Loop. Kenilworth ZIP code 60043 is No. 1 at a median sales price of $1.24 million.
“There are multiple reasons why the most expensive ZIP codes are what they are,” said Bill Gill, a manager for Baird & Warner’s Naperville branch and a real estate veteran of 32 years. “Those reasons include: consistency in housing, schools, crime rates and cost of living.”
Clusters of high-priced residential areas — like on the North Shore — also make sense, Gill noted.
“Generally speaking, the most expensive ZIP codes are surrounded by other expensive ZIP codes, which ‘insulate’ the property values, therefore making the most expensive ZIP codes a ‘safe’ investment,” he said. “If there are little to no inexpensive homes in an area, it keeps all sales prices at a high level.”
Read more of the Chicago Tribune story here.
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