Red Oak Terrace, Highland Park, IL
Red Oak Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Red Oak Terrace, Highland Park, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Red Oak Terrace Neighborhood Overview
Red Oak Terrace is a residential neighborhood within the prestigious North Shore community of Highland Park, Illinois. Characterized by its quiet, tree-lined streets and well-maintained properties, it offers a serene suburban atmosphere. The neighborhood is conveniently located with easy access to both local amenities and major transportation routes.
Lifestyle & Amenities
Residents enjoy a high quality of life with proximity to downtown Highland Park's boutique shopping, diverse dining, and cultural venues like the Ravinia Festival. The area is known for its beautiful parks, forest preserves, and access to Lake Michigan beaches. This creates a perfect blend of suburban tranquility and convenient urban-style amenities.
Real Estate Market
The real estate market in Red Oak Terrace is robust, reflecting its desirable location. The U.S. Census reports a median home value of $593,100, while current market data indicates a price per square foot of approximately $320.78. This establishes the neighborhood as a premium housing market within the Highland Park area.
Schools & Education
Families in Red Oak Terrace are served by the highly regarded Township High School District 113 and North Shore School District 112. These public school districts are consistently ranked among the top in Illinois for academic excellence. The community's significant median household income of $159,519 underscores a strong commitment to educational investment.
Transportation & Connectivity
The neighborhood provides excellent connectivity via major roads like Skokie Highway (US-41) and Edens Expressway (I-94). Public transportation options include Metra's Union Pacific North Line, offering a direct rail commute to downtown Chicago. This balance makes it ideal for both local living and professionals commuting to the city.
Why Choose Red Oak Terrace
Choosing Red Oak Terrace means selecting a stable, affluent community with top-tier schools and a convenient North Shore location. It offers the charm of a tight-knit suburban neighborhood alongside the cultural and recreational benefits of Highland Park. For those seeking a premium lifestyle with excellent long-term value, it is a compelling choice.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Red Oak Terrace Market Data
| Metric | Value |
|---|---|
| Median Home Price | $593K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $160K |
| Homeownership Rate | 84.1% |
| Renter-Occupied | 15.9% |
| Rental Vacancy Rate | 2.9% |
| Market Type | Seller's |
| Market Tier | Luxury |
| Primary ZIP Code | 60035 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Red Oak Terrace, Highland Park
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Red Oak Terrace, Highland Park, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12