'Having it all' for homebuyers means living in an area with affordable homes for sale, highly-rated schools, and an easy commute. Chicago is home to 14 of the 25 neighborhoods ranked.
Out of the 80 major U.S. markets, Redfin found that only 25 qualified with neighborhoods that 'have it all'. Redfin concluded that Chicago is "The rare major metro area that has remained relatively affordable and has largely bucked the severe inventory shortage trend seen across much of the country over the past few years." The Dunning and Ashburn neighborhoods took the top two spots.
The new tax bill, which caps state and local tax (SALT) deductions at $10,000, compounds affordability concerns, particularly in the high-tax state of Illinois, home to 14 of the 25 highlighted neighborhoods. Redfin agent Alex Haried in Chicago, says taxes should always be considered when analyzing affordability.
