The Terrace, Niles, IL
The Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for The Terrace, Niles, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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The Terrace Neighborhood Overview
The Terrace is a residential neighborhood located in the village of Niles, Illinois. It offers residents a quiet, suburban atmosphere within close proximity to Chicago. The community is characterized by its well-maintained homes and family-friendly environment.
Lifestyle & Amenities
Residents enjoy access to local parks and recreational facilities within Niles. The neighborhood is conveniently located near shopping centers, restaurants, and essential services. This balance provides a comfortable and convenient suburban lifestyle for individuals and families.
Real Estate Market
The housing market in The Terrace primarily consists of single-family homes. According to recent data, the median home value is $336,900, with a current price per square foot around $324. This positions the neighborhood as a relatively affordable option within the broader Chicago metropolitan area.
Schools & Education
The Terrace is served by the Niles Township High School District 219 and elementary districts within the area. Families have access to both public and private educational institutions. The community values its proximity to quality schooling options for children of all ages.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity via major roads like Dempster Street and Touhy Avenue. Public transportation options, including Pace buses, provide routes to nearby Metra stations and Chicago. This network makes commuting to downtown Chicago and surrounding suburbs straightforward.
Why Choose The Terrace
Choosing The Terrace means selecting a stable, established community with a strong sense of neighborhood. It offers an attractive balance of suburban tranquility, convenient amenities, and accessible transportation. The area's housing market provides good value, making it a practical choice for homebuyers.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
The 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 The Terrace, Niles
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for The Terrace, Niles, IL. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
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