Calumet City, IL

Real estate in Calumet City, Illinois is a hot commodity. The city has seen an influx of new residents and businesses in recent years, which has led to an increase in real estate prices. According to the 2010 census, the population of Calumet City was 17,827. This number has increased by over 5% since the 2010 census and is projected to reach 19,000 by 2020.

The city's economy is based largely on manufacturing and agriculture. However, with the growth of businesses and residents in the city, real estate prices have also increased significantly. In fact, according to Zillow®, one of the leading online real estate services providers, Calumet City ranks as one of the most expensive cities in Illinois for housing affordability.

One reason for this high cost of housing is that Calumet City is located close to several major metropolitan areas - Chicago and Milwaukee are both less than an hour away by car while Gary is just over an hour away by car. Additionally, many new businesses are locating in Calumet City due to its proximity to major transportation hubs like I-94 and I-80/90. This has led to a shortage of available homes for sale as well as an increase in home prices.

Despite these high costs, there are still many opportunities available for buyers looking for quality homes at reasonable prices in Calumet City. The city's population growth means that there are always new listings coming onto the market - even during slower periods - so it's important for buyers to stay current on all developments happening within their desired area so they can make informed decisions about purchasing a home. Additionally, many homebuyers choose to buy property here not only because of its high price tags but also because it offers excellent quality of life amenities like excellent schools and a safe community environment.