Before you start researching home financing, it helps to learn a little about the city you plan to call home. If you are considering a move to Chicago, home to one of our Starboard Financial offices, here is some information about the city to help you make your choice.
About Chicago: With over 2.7 million residents, Chicago is the most populous city in the Midwest. It has the third highest population of all cities in the United States. This vibrant Illinois metropolis is known for its historical sites, fine dining, culture and countless attractions. The city is bordered to the northeast by Lake Michigan, and it boasts 24 public beaches scattered along the lakefront.
Attractions: Chicago is home to many attractions that delight tourists and residents alike. Some of the most popular attractions in this city include Willis Tower (aka Sears Tower), the Museum of Science and Industry, the Field Museum of Natural History, Navy Pier, Shedd Aquarium, and the Adler Planetarium and Astronomy Museum. Visitors and residents also enjoy shopping on the Magnificent Mile, an array of restaurants, many annual festivals and access to plenty of parks and beaches.
Sports: Love to cheer on the home team? Come to Chicago! This town has it all:
- Bears (NFL)
- Cubs (MLB)
- White Sox (MLB)
- Bulls (NBA)
- Blackhawks (NHL)
Climate: The climate in Chicago is considered humid continental climate. You get to experience all four seasons with warm summers, snowy winters and mild temperatures in both spring and autumn.
Housing: Properties in Chicago and nearby suburbs range from smaller studio apartments to multi-million dollar homes. Because of the population density, most homes in the city are either in multi-family buildings or located on small lots. Home prices in Chicago vary considerably based on the property’s location, structure and other contributing factors.
Cost of Living: The cost of living in Chicago is slightly higher than the national average. However, typical housing expenses are slightly lower than the national average.
Starboard Financial offers a variety of loan products suitable for prospective buyers interested in Chicago area properties. Contact us today to learn more about home financing in Chicago. Our team is ready to welcome you to town!