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Why Clarendon Hills
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Nearly 900 people board the station on an average weekday. This commuterpopulation serves as a consistent customer base for many of the retail and service uses downtown.
Property Values Annual property values within the Village have grown at double digit percentage rates each year for the past five years. Compared to property values in the County, Clarendon Hills property values have grown at rates nearly twice that of the County. The 2005 assessed valuation for all properties within the Village of Clarendon Hills was $430,587,363, an increase of 15% over the prior year.
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Growth in residential property values account for a majority of this increase. According to the Chicago Association of Realtors, in 2000, single-family homes in Clarendon Hills had a median value of $311,000. By 2005, the estimated median home value was $509,000, which represents a 64% increase over the five year period. Moreover, according to the Multiple Listing Service (MLS), as highlighted by West Suburban Living Magazine, the average home value in Clarendon Hills rose to $796,750 in 2006. This number represents a 202.2% increase in home appreciation over the last ten years. The table above tracks the appreciation of single family homes in Clarendon Hills over a five and ten year period.
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