Chicago leads the way in affordable housing near good schools

Chicago has good schools in ZIP codes within reach for most buyers
  • The RealtyTrac report found 179 Chicagoland ZIP codes with affordable housing had at least one good elementary school within it.
  • Harvey is ranked one of the most affordable communities with good schools, while Glencoe is ranked as one of the least affordable.
  • 20 Chicago ZIP codes with good schools were found to be unaffordable.

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A RealtyTrac analysis of home affordability in communities with good elementary schools bodes well for Chicagoland homeowners. For most of the rest of the country, though, many parents who seek out good school districts will likely be priced out of those markets. And although Chicago takes the top spot for the greatest number of affordable ZIP codes with at least one good school, the region also makes an appearance on the unaffordable segment of the list. RealtyTrac used school test scores for nearly 27,000 elementary schools in more than 7,200 U.S. ZIP codes to determine what makes a “good school.” They then compared home price affordability in those same ZIP codes. Chicagoland, or south side community of Harvey to be exact, far and away led the pack of metros with enviable combination of affordable ZIP codes with good elementary schools, with 179. Next in line were Detroit (44), Phoenix (22), Miami (20) and Charlotte (18). Chicagoland also appears on the least af...