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Real Estate
Reply to "Chicago suburbs vs NoVa Real Estate Market"
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[quote=Anonymous][quote=Anonymous]It's the property taxes that are the barrier to getting in. While the housing prices are lower, their taxes are sky high. A $900K house in Naperville for example has a property tax of $20K. A $900K house in MoCo would have around $10K in property taxes. [/quote] Yes, very high taxes and keep in mind that Chicago is large and sprawling. If you're used to being "close in" in NOVA or MD and commuting to DC, you're going to be surprised at what's considered an inner ring suburb in Chicago. It takes A WHILE to drive through whatever suburb you choose, the number of other suburbs to get to the Chicago border, then you have to drive through all of outer Chicago to get downtown. If you are commuting by train, that may be a different story... but keep in mind that the Metra only runs once an hour. And you'll probably want to stick to Metra and not the L; a friend in Chicago tells me nobody takes the L anymore since Covid began and it's just a crime free for all on the L trains. [/quote]
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