Oswego Makes List of Best Places to Own a Home in Illinois

Find out what other towns made the list.

Credit: File photo
Credit: File photo
Home ownership: It's part of the American dream.

And according a study by NerdWallet, if you're going to buy a house in Illinois, Oswego is one of the best places to do it.

The village was No. 3 on NerdWallet's list of "Best Places for Home Ownership in Illinois," ranking just behind Huntley and Plainfield.

According to the rankings, NerdWallet looked at three main questions:
  • Are homes available?
  • Can you afford to live there?
  • Is the area growing?
NerdWallet looked at 121 places in Illinois, and towns were scored based on homeownership rate, selected monthly owner costs, median household income and population change from 2010-12. Oswego's overall score was 89.4.

According to NerdWallet:

"Oswego is the 
largest community in Kendall County and is only getting larger, with a population growth of 9.3% between 2010 and 2012. It has two industrial parks that are ready for development with a third park available for future development. Its largest employer is Caterpillar Inc., a manufacturer of heavy equipment, which employs 3,200 people. It’s also a great place to raise kids, and new residents often say that it was the great schools that drew them in. But they probably also enjoy the fact that they spend only 27.4% of their household incomes on homeowner costs."

Other cities ranking in the top 10 best places to buy homes in Illinois include Romeville, Lockport and Tinley Park.

Click here to view the full rankings.

Do you agree with the rankings?

Mike Francis February 24, 2014 at 03:51 PM
A big reason for the increase in median values in Oswego since 2013 is simply that fewer lower priced sales (mostly distressed sales) occurred. So that increase hardly correlates with appreciation. Oswego had a huge amount of new construction activity with very large builder kickbacks. Far too many appraisers missed those so-called 'concessions' and got in the habit of over appraising properties as a result. It wasn't until resales started occurring in those various subdivisions that the homeowners realized how much they overpaid for their property. Other, mature subdivisions, in other communities didn't have that problem, so they were mostly subject to the same national economic forces. But Oswego really got hit by those concessions. And Mary, 1.5 years ago was the bottom of the market and values were down by 24% over 2009. There's no way that your house maintained its value during that time unless you bought it way below market value to begin with.
Matt W. February 25, 2014 at 09:25 AM
Cindy, I hope to see you outside of Brew at the Bridge, Wine Fest, and maybe even standing outside of Tap House, the new wine tasting place, or Meijer and protesting alcohol like it is the 1920s all over again! That might be a bit more effective than typing your fingers to the bone. I've been "typing" for years that I should earn more money, but nothing ever seems to come of it... strange, huh? We bought a foreclosed house in Oswego and couldn't be happier about where we live. Our son will go to a great school, we have excellent and caring neighbors and love that we are close to a lot of convenient shopping.
Roy Rumaner February 25, 2014 at 03:48 PM
As I was reading through all these comments one thought came to me - where is Cindy complaining about restaurants serving alcohol and the WineFest? Then I saw it, the usual bullshit she spews on every post having to do with making the world a better place. If someone opens a new restaurant, there she is complaining about them selling alcohol. If someone says we need new business in downtown and a wine store is suggested, there she is again. If a new grocery store opens, it better not sell alcohol or Cindy will be there with her moral indignity. It seems as if the only kind of business that Cindy would allow if she had her way would be a chastity belt shop since that seems to be the era she believes we are all living in. I cannot wait until the Governour decides to allow marijuana to be sold here like it is in Colorado and Washington. Her head would probably explode. Now that would be worth seeing.
Walt Hines February 25, 2014 at 05:57 PM
Matt and Roy... "Cindy" is a gamer from a group called Robo Response. They post garbage on sites like these and rack up points from responses such as yours. This seems all quite innocent until you learn they also prey on children, sick people!!! My BIL is part of law enforcement who investigates the other problems this group is involved in.
Roy Rumaner February 26, 2014 at 05:01 PM
Walt, can you point us to any information on this so called Robo Response group? If they are in fact trolls then the Patch should ban them immediately but I have yet to see them ever take any action to ban anyone for anything yet.


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