Ballard Terrace, Niles, IL
Ballard Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Ballard Terrace, Niles, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Ballard Terrace Neighborhood Overview
Ballard Terrace is a residential neighborhood located in the village of Niles, Illinois, within the 60714 ZIP code. The community offers a quiet, suburban atmosphere with convenient access to the amenities of the broader Chicago metropolitan area. Its central location provides residents with a balanced lifestyle between city access and neighborhood tranquility.
Lifestyle & Amenities
Residents enjoy proximity to local parks, shopping centers, and diverse dining options along Milwaukee Avenue and Golf Road. The neighborhood's suburban setting is ideal for families and individuals seeking a community-oriented environment. Daily needs are easily met with nearby grocery stores, retail outlets, and community services in Niles.
Real Estate Market
The real estate market in Ballard Terrace features single-family homes with a Census-reported median home value of $336,900. Current market data indicates an asking price per square foot of approximately $295.23, reflecting the area's desirability and housing stock. This positions the neighborhood as a stable and accessible market within Cook County.
Schools & Education
Families in Ballard Terrace are served by the Niles Township High School District 219 and elementary districts such as East Maine School District 63. The area is known for its commitment to quality public education. Several well-regarded private and parochial school options are also available in the surrounding communities.
Transportation & Connectivity
The neighborhood is well-connected by major roads including Dempster Street, Milwaukee Avenue, and the nearby I-94/I-294 expressways. Public transportation options include Pace bus routes, providing access to the Chicago Transit Authority's Blue Line 'L' stations. This network facilitates straightforward commutes to Chicago and other employment centers in the region.
Why Choose Ballard Terrace
Ballard Terrace offers an attractive blend of affordable suburban living, evidenced by a median household income of $76,052, and excellent connectivity. It is a practical choice for those seeking a family-friendly community with strong local amenities and straightforward access to Chicago. The stable housing market and quality local services make it a compelling neighborhood in the northwest suburbs.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Ballard Terrace Market Data
| Metric | Value |
|---|---|
| Median Home Price | $337K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $76K |
| Homeownership Rate | 76.6% |
| Renter-Occupied | 23.4% |
| Rental Vacancy Rate | 6.3% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 60714 |
| 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 Ballard Terrace, Niles
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Ballard Terrace, Niles, 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