Homes for Sale Archer Heights Chicago
Archer Heights Neighborhood Overview
Archer Heights, a vibrant and historically rich neighborhood on Chicago’s Southwest Side, offers a unique blend of suburban tranquility and urban accessibility. Its strong sense of community and affordable housing options make it an attractive area for families and first-time homebuyers. This overview will explore the neighborhood’s history, demographics, and amenities to provide a comprehensive understanding of what Archer Heights has to offer.
Archer Heights History and Character
Archer Heights’ history is deeply rooted in the agricultural past of the area. Initially characterized by farmland and open spaces, its development began in earnest during the late 19th and early 20th centuries, with significant influxes of Polish and Lithuanian immigrants shaping its cultural landscape. This heritage is still visible today in the neighborhood’s architecture, local businesses, and community traditions. Many of the homes are well-maintained, reflecting a sense of pride in ownership and community stability. The neighborhood maintains a quiet residential feel, contrasting with the busier pace of some other Chicago neighborhoods. The strong sense of community is evident in local events and the interactions between long-time residents.
Archer Heights Demographics
Archer Heights boasts a diverse population, though with a significant concentration of Polish and Lithuanian descent residents, reflecting its historical development. While precise demographic figures fluctuate, general trends show a predominantly working-class and middle-class population with a notable number of families. The age range is relatively broad, encompassing young families, established residents, and a growing number of younger professionals seeking affordable housing and a strong community environment. Data from the U.S. Census Bureau and other reliable sources would provide precise figures on age, ethnicity, income levels, and household size.
Archer Heights Amenities and Attractions
Residents of Archer Heights enjoy easy access to a range of amenities. Local parks provide green spaces for recreation, while nearby shopping centers offer convenient access to everyday necessities. The neighborhood’s proximity to major roadways ensures convenient commutes to other parts of the city and beyond. While Archer Heights may not boast the same concentration of high-end restaurants and entertainment venues as some more central neighborhoods, its local businesses offer a unique charm and contribute to the neighborhood’s close-knit atmosphere. Access to public transportation, though perhaps not as extensive as in some other areas, is adequate for many residents.
Comparative Overview of Archer Heights and Similar Chicago Neighborhoods
| Feature | Archer Heights | Bridgeport | Brighton Park | Gage Park |
|---|---|---|---|---|
| Median Home Price | (Data from reliable real estate source needed) | (Data from reliable real estate source needed) | (Data from reliable real estate source needed) | (Data from reliable real estate source needed) |
| Average Household Income | (Data from reliable source like US Census Bureau needed) | (Data from reliable source like US Census Bureau needed) | (Data from reliable source like US Census Bureau needed) | (Data from reliable source like US Census Bureau needed) |
| Crime Rate | (Data from Chicago Police Department needed) | (Data from Chicago Police Department needed) | (Data from Chicago Police Department needed) | (Data from Chicago Police Department needed) |
| School District Rating | (Data from Illinois State Board of Education needed) | (Data from Illinois State Board of Education needed) | (Data from Illinois State Board of Education needed) | (Data from Illinois State Board of Education needed) |
Property Types Available
Archer Heights offers a diverse range of housing options, catering to various lifestyles and budgets. While the neighborhood predominantly features single-family homes, there’s a noticeable mix of styles and sizes, reflecting its evolution over time. Understanding the available property types is crucial for prospective buyers navigating the Archer Heights real estate market.
The architectural styles found in Archer Heights are varied, reflecting the neighborhood’s history and the preferences of its residents over the decades. While some homes exhibit characteristics of earlier architectural movements, many newer constructions blend modern design elements with traditional aesthetics. This creates a visually interesting streetscape with a good deal of character.
Common Architectural Styles and Home Features, Homes for sale archer heights chicago
Archer Heights showcases a blend of architectural styles. Many homes display elements of the Bungalow style, characterized by low-pitched roofs, wide front porches, and a generally compact footprint. You’ll also find examples of Cape Cod style homes, identifiable by their steep gabled roofs and symmetrical facades. Ranch-style homes, known for their single-story design and often featuring attached garages, are also prevalent. While less common, some larger homes incorporate elements of Colonial or Victorian architecture, often with intricate detailing and larger floor plans. Many homes, regardless of their primary style, incorporate modern updates like updated kitchens and bathrooms, finished basements, and landscaped yards. Features such as hardwood floors, crown molding, and built-in shelving are also frequently found.
Property Types and Average Price Ranges
The following list provides an overview of common property types and their average price ranges. These figures are estimates based on recent market trends and should be considered approximations, as actual prices vary depending on size, condition, and specific features. It is always recommended to consult with a real estate professional for the most up-to-date and accurate pricing information.
- Single-Family Homes: $300,000 – $600,000+
- Condos: $200,000 – $400,000 (Less common in Archer Heights compared to single-family homes)
- Townhouses: $350,000 – $550,000 (Relatively limited availability)
Pricing and Market Trends
Archer Heights, like many Chicago neighborhoods, experiences fluctuations in home prices influenced by a variety of economic and local factors. Understanding these trends is crucial for both prospective buyers and sellers navigating the real estate market in this area. This section will delve into the current average home prices, examine price trends over the past five years, and explore the key factors shaping home values in Archer Heights.
Homes for sale archer heights chicago – Current average home prices in Archer Heights are difficult to pinpoint to a single exact figure without access to real-time, constantly updated MLS data. However, based on recent market analyses from reputable real estate websites and local brokerage reports (which should be consulted for the most up-to-date information), the average sale price typically falls within a specific range. This range reflects variations in property size, condition, and location within the neighborhood. For example, larger homes on wider lots closer to parks or schools generally command higher prices than smaller homes on narrower lots in less desirable locations. It’s essential to consult current listings and recent sales data for the most precise pricing information.
Average Home Price Fluctuations (Past 5 Years)
Analyzing home price trends over the past five years reveals a pattern typical of many Chicago neighborhoods. While precise figures require access to a comprehensive database of sales data, a general trend can be described. It is likely that prices experienced a period of growth followed by either stabilization or a period of slight decline depending on larger economic trends and interest rate changes. For instance, during periods of low interest rates, buyer demand often increases, driving prices upward. Conversely, rising interest rates tend to cool the market, potentially leading to price stabilization or even a slight decrease. External economic factors, such as inflation and overall economic health, also play significant roles in influencing the housing market’s performance.
Factors Influencing Home Values
Several factors significantly influence home values in Archer Heights. These factors interact in complex ways, creating a dynamic market. Understanding these influences provides a clearer picture of the neighborhood’s real estate landscape.
- Property Characteristics: Size, age, condition, number of bedrooms and bathrooms, and the presence of updated amenities (kitchens, bathrooms, etc.) directly impact value. A newly renovated home will generally command a higher price than a comparable property needing significant repairs.
- Location: Proximity to schools, parks, public transportation, and major roadways influences desirability and, consequently, price. Homes located on quieter, tree-lined streets often fetch higher prices than those on busy thoroughfares.
- Market Conditions: Interest rates, economic growth, and overall buyer demand are macro-level factors that significantly influence prices. A strong economy with low interest rates generally creates a seller’s market, driving prices up. The opposite is true in a weaker economy or with high interest rates.
- Neighborhood Improvements: Investments in local infrastructure, community revitalization projects, and increased local amenities can positively impact home values. Improved safety and a growing sense of community can also attract buyers and increase prices.
Illustrative Line Graph of Price Fluctuations
Imagine a line graph with “Year” on the horizontal axis and “Average Home Price” on the vertical axis. The graph would show a line representing the average home price over the past five years. The line might show an upward trend initially, followed by a period of relatively flat growth, or possibly a slight dip, depending on the economic factors mentioned earlier. The graph would not show a perfectly smooth line; instead, it would likely exhibit some fluctuations reflecting the inherent volatility of the real estate market. The visual representation would clearly illustrate the overall price trend and highlight periods of significant change.
School District Information: Homes For Sale Archer Heights Chicago
Archer Heights residents are served primarily by the Chicago Public Schools (CPS) system. Understanding the school district is crucial for families considering a move to the neighborhood, as it significantly impacts their children’s education and daily routines. This section provides details on the schools, their performance, and district boundaries.
Schools Serving Archer Heights
The specific schools serving Archer Heights can vary depending on the exact address within the neighborhood. It is essential to verify school assignments using the official CPS school locator tool. However, some commonly associated schools include elementary, middle, and high schools within the nearby CPS network. Families should always confirm their assigned schools directly with CPS.
Academic Performance Data
Academic performance data for CPS schools is publicly available through various resources, including the Illinois Report Card and the CPS website. These reports typically include standardized test scores, graduation rates, and other key metrics. Analyzing this data allows prospective residents to compare the academic achievements of different schools within the Archer Heights area. It’s important to note that school performance can fluctuate year to year, so it’s advisable to consult the most recent available data. For example, a review of the Illinois Report Card for a specific school might show above-average scores in mathematics but below-average scores in reading, offering a nuanced perspective on the school’s strengths and areas for improvement.
School District Boundaries
The boundaries of the school districts serving Archer Heights are defined by CPS and are subject to change. These boundaries determine which school a child will attend based on their home address. Families can use the CPS online school locator tool to determine the assigned school for a particular address within Archer Heights. This tool provides a map interface allowing users to input an address and instantly view the assigned schools for different grade levels. Understanding these boundaries is essential for families planning a move to ensure their children are enrolled in the correct schools.
School Information Table
| School Name | Type | Grade Levels | Approximate Location (within Archer Heights vicinity) |
|---|---|---|---|
| [School Name 1] | [Elementary/Middle/High] | [Grades served] | [General area description, e.g., Near Archer and Pulaski] |
| [School Name 2] | [Elementary/Middle/High] | [Grades served] | [General area description, e.g., Near Archer and Kedzie] |
| [School Name 3] | [Elementary/Middle/High] | [Grades served] | [General area description, e.g., Near 55th and Pulaski] |
Transportation and Commute
Archer Heights offers residents a blend of public transportation options and convenient access to major roadways, making commutes to various parts of Chicago and beyond relatively straightforward. Understanding the transportation landscape is crucial for prospective homeowners considering the area.
Public Transportation Options
Archer Heights is served primarily by the Chicago Transit Authority (CTA). The nearest CTA Orange Line station, Midway, is a short drive or bus ride away, providing access to downtown Chicago and other areas along the line. Several CTA bus routes also operate within Archer Heights and connect to other parts of the city, offering alternative routes and increased connectivity. The frequency and reliability of these services vary depending on the time of day and specific route. For example, rush hour service is generally more frequent than service during off-peak hours. Detailed route information and schedules are readily available on the CTA website.
Accessibility to Major Highways and Roads
Archer Heights enjoys convenient access to several major highways, including Interstate 55 (Stevenson Expressway) and Interstate 294 (Tri-State Tollway). These highways provide quick connections to other parts of Chicago, as well as to surrounding suburbs and beyond. The proximity to these major thoroughfares makes commuting by car relatively efficient, although traffic congestion can be expected during peak hours, particularly on I-55. Local roads within Archer Heights are generally well-maintained and provide easy navigation within the neighborhood itself. For example, Cicero Avenue serves as a major north-south artery, connecting Archer Heights to other communities.
Commute Times to Downtown Chicago and Other Key Areas
Commute times to downtown Chicago from Archer Heights vary depending on the chosen mode of transportation and traffic conditions. By car, using I-55, the commute can range from 30 to 60 minutes during off-peak hours, potentially extending to over an hour during peak traffic. Using public transportation via the CTA Orange Line, the commute could take anywhere from 45 minutes to an hour or more, depending on the specific bus and train connections needed. Commute times to other key areas, such as Midway International Airport, are significantly shorter, typically under 15-20 minutes by car. Commuting to suburban areas south or west of Archer Heights is generally faster due to the close proximity to major highways.
Map Illustrating Major Transportation Routes and Commute Times
A map depicting Archer Heights would show its location relative to the CTA Orange Line Midway station, I-55, and I-294. Approximate commute times to downtown Chicago via both car and public transport would be indicated using color-coded lines or shading. Similarly, the map would highlight major arterial roads within Archer Heights, such as Cicero Avenue, and their connection to these major highways and public transportation routes. The map would visually represent the relative ease of access to various destinations from Archer Heights, illustrating the neighborhood’s strategic location within the greater Chicago metropolitan area. The visual representation would clearly show that while direct access to the “L” train isn’t present in the neighborhood, proximity to public transit and major highways still offers viable commute options.
Local Businesses and Services
Archer Heights offers a convenient blend of local businesses and services, catering to the daily needs of its residents and providing a sense of community. While not a bustling commercial hub, the neighborhood boasts a sufficient selection of restaurants, shops, and recreational options, supplemented by its proximity to larger shopping centers and medical facilities. This ensures residents have access to a variety of goods and services without needing to travel extensively.
Restaurants and Cafes
Archer Heights features a diverse culinary landscape, reflecting the neighborhood’s multicultural character. Residents can choose from a variety of cuisines, including traditional American fare, Mexican specialties, and international options. Many establishments are family-owned and operated, contributing to the neighborhood’s unique charm and offering a personal touch. Examples include family-run diners offering classic comfort food, small taquerias serving authentic Mexican dishes, and perhaps a bakery specializing in Polish pastries, reflecting the area’s history.
Shopping and Retail
The neighborhood provides essential shopping options for daily needs. Local shops cater to everyday requirements, including grocery stores, pharmacies, and smaller convenience stores. These businesses offer a convenient alternative to larger shopping centers for quick errands and provide a personal touch often absent in larger retail environments. One might find a local butcher shop offering high-quality meats, a small grocery store stocking fresh produce, or a neighborhood pharmacy providing convenient access to medications and healthcare supplies.
Recreational Facilities and Parks
While the specific recreational facilities may vary, Archer Heights likely has access to local parks, potentially offering green spaces for relaxation and recreation. These parks may include playgrounds for children, walking paths for fitness enthusiasts, or open areas for casual picnics. The presence of these green spaces enhances the quality of life within the neighborhood, providing opportunities for outdoor activities and community gatherings. The specific amenities available within these parks would need to be verified through local resources.
Proximity to Larger Shopping Centers and Hospitals
Archer Heights benefits from its proximity to larger shopping centers and hospitals, providing residents with access to a wider range of goods and services and healthcare facilities. These larger centers offer a more extensive selection of retail options, including department stores, electronics retailers, and specialty shops. The proximity to hospitals ensures residents have convenient access to emergency care and specialized medical treatment. The specific names and locations of these larger shopping centers and hospitals would need to be verified through local resources.
Crime Rates and Safety
Archer Heights, like many Chicago neighborhoods, experiences varying levels of crime. Understanding the local crime statistics is crucial for prospective homeowners to make informed decisions. This section provides an overview of crime rates in Archer Heights and compares them to similar neighborhoods, highlighting community efforts to enhance safety and security.
Crime Statistics in Archer Heights
Reliable crime data for Archer Heights can be obtained from the Chicago Police Department’s website and other publicly available sources such as neighborhood reporting organizations. These sources typically categorize crimes into various types, including violent crimes (homicide, robbery, aggravated assault, and battery) and property crimes (burglary, larceny-theft, motor vehicle theft, and arson). Analyzing these data sets reveals trends and patterns in criminal activity within the neighborhood. A comprehensive analysis would involve comparing crime rates over several years to identify any significant increases or decreases. Note that raw numbers alone are not sufficient for comparison; crime rates should be normalized against the population size to provide a meaningful comparison. For example, a neighborhood with a higher population might have a higher absolute number of crimes but a lower crime rate per capita.
Comparison to Similar Chicago Neighborhoods
To accurately assess the safety of Archer Heights, it’s essential to compare its crime statistics to those of similar neighborhoods in Chicago. This comparison should consider factors such as population density, socioeconomic status, and the presence of commercial establishments. For instance, a direct comparison could be made with neighborhoods such as Brighton Park or Gage Park, which share similar characteristics with Archer Heights. A bar chart (see below) visually illustrates a hypothetical comparison, showcasing the relative frequency of various crime categories across these neighborhoods. It is important to note that the data presented in this chart is hypothetical and should be replaced with actual data from reliable sources.
Community Initiatives Promoting Safety and Security
Various community initiatives play a vital role in enhancing safety and security in Archer Heights. These initiatives might include neighborhood watch programs, community policing efforts, and collaborations between residents, law enforcement, and local businesses. Such programs aim to foster a sense of community responsibility and encourage active participation in crime prevention. The effectiveness of these initiatives can be evaluated by tracking changes in crime rates over time and gauging resident satisfaction with safety measures. For example, a successful neighborhood watch program might lead to a reduction in property crimes through increased vigilance and reporting of suspicious activity.
Crime Category Comparison (Hypothetical Data)
The following bar chart provides a hypothetical comparison of crime categories across Archer Heights and two similar Chicago neighborhoods. Note: This data is for illustrative purposes only and should be replaced with actual data from reliable sources.
Imagine a bar chart here. The horizontal axis would list the crime categories (e.g., Burglary, Robbery, Theft). The vertical axis would represent the crime rate (per 1000 residents). Three bars would represent Archer Heights, Brighton Park, and Gage Park. The height of each bar would visually represent the crime rate for each category in each neighborhood. For example, Archer Heights might show a relatively higher rate of burglary compared to the other two neighborhoods, while Brighton Park might have a higher rate of theft. This visual representation allows for a quick comparison of crime rates across different categories and neighborhoods.
Property Taxes and Homeowner’s Insurance
Understanding the financial implications of homeownership in Archer Heights, Chicago, requires a clear picture of property taxes and homeowner’s insurance costs. These are significant ongoing expenses that prospective buyers should carefully consider alongside the purchase price. This section provides an overview of these costs and compares them to other Chicago neighborhoods.
Average Property Tax Rates in Archer Heights
Property tax rates in Archer Heights are influenced by several factors, including the assessed value of the property, the local tax levies, and any applicable exemptions or credits. While precise figures fluctuate annually, Archer Heights generally falls within the average range for Chicago neighborhoods. It’s crucial to obtain a current tax assessment from the Cook County Assessor’s office for a specific property to determine the exact tax liability. This assessment takes into account the property’s size, condition, location, and recent sales of comparable properties.
Factors Influencing Property Tax Assessments
Several key factors contribute to the assessment of a property in Archer Heights and therefore its property tax burden. These include the property’s square footage, the number of bedrooms and bathrooms, the presence of updated features (such as a renovated kitchen or bathroom), the lot size, and the overall condition of the home. The location of the property within Archer Heights, its proximity to schools, parks, and transportation, also plays a role. Finally, recent comparable sales in the immediate vicinity are heavily weighted in determining the assessed value.
Average Homeowner’s Insurance Costs
Homeowner’s insurance premiums in Archer Heights vary based on several factors, including the property’s value, the level of coverage selected, the age and condition of the home, and the homeowner’s claims history. Factors like the presence of security systems and proximity to fire hydrants can also influence premiums. While obtaining quotes from multiple insurers is recommended to secure the best rate, the average homeowner’s insurance cost in Archer Heights tends to align with the city-wide average, although it may fluctuate depending on the specific property and coverage.
Comparison of Tax Rates and Insurance Costs
The following table provides a general comparison of property tax rates and estimated homeowner’s insurance costs in Archer Heights versus a few other Chicago neighborhoods. Please note that these are averages and actual costs can vary significantly based on individual circumstances. It is essential to obtain personalized quotes from insurers and consult the Cook County Assessor’s website for the most accurate property tax information.
| Neighborhood | Average Property Tax Rate (Estimate) | Average Homeowner’s Insurance Cost (Estimate) |
|---|---|---|
| Archer Heights | [Insert Estimated Average Property Tax Rate]% | $[Insert Estimated Average Homeowner’s Insurance Cost] annually |
| [Neighborhood 1] | [Insert Estimated Average Property Tax Rate]% | $[Insert Estimated Average Homeowner’s Insurance Cost] annually |
| [Neighborhood 2] | [Insert Estimated Average Property Tax Rate]% | $[Insert Estimated Average Homeowner’s Insurance Cost] annually |
Home Buying Process in Archer Heights
Purchasing a home in Archer Heights, like any other area, involves a series of steps. Understanding this process and anticipating potential costs will help you navigate the experience smoothly and confidently. This section Artikels the typical stages involved and provides insight into associated expenses.
The home buying process in Archer Heights generally follows a standard sequence, although the timeline can vary depending on market conditions and individual circumstances. Careful planning and preparation are key to a successful purchase.
Steps in the Home Buying Process
- Pre-Approval: Secure a pre-approval letter from a lender. This demonstrates your financial readiness to potential sellers and provides a realistic budget for your home search. This step involves providing financial documentation, such as income statements, credit reports, and bank statements, to the lender for assessment.
- Home Search: Begin your search for properties in Archer Heights that meet your needs and budget. Work closely with a real estate agent to view listings, assess properties, and negotiate offers. Consider factors such as commute times, proximity to schools and amenities, and the overall condition of the property.
- Making an Offer: Once you’ve found a suitable property, your agent will help you prepare a competitive offer. This includes the purchase price, earnest money deposit, and any contingencies (e.g., home inspection, appraisal). Be prepared to negotiate with the seller.
- Home Inspection and Appraisal: After your offer is accepted, schedule a professional home inspection to identify any potential issues with the property. A lender will also conduct an appraisal to determine the property’s fair market value. These steps are crucial to protect your investment.
- Negotiating Repairs or Price Adjustments: Based on the home inspection and appraisal, you may negotiate with the seller for repairs or a price adjustment. This is a common part of the process, allowing both parties to address any concerns before proceeding.
- Loan Processing and Underwriting: Your lender will process your loan application and conduct an underwriting review to ensure you meet their lending criteria. This typically involves providing additional documentation and verifying your financial information.
- Closing: The final step is the closing, where you sign all the necessary documents, pay closing costs, and receive the keys to your new home. This usually takes place at a title company or attorney’s office.
Typical Closing Costs and Associated Fees
Closing costs can vary significantly depending on the purchase price of the home, the lender, and other factors. However, they generally include items like loan origination fees, appraisal fees, title insurance, recording fees, and property taxes. Expect these costs to range from 2% to 5% of the loan amount. It’s advisable to obtain a detailed closing cost estimate from your lender well in advance of closing to avoid surprises.
Advice for Prospective Homebuyers in Archer Heights
Thoroughly research the Archer Heights neighborhood before making a purchase. Consider factors like school districts, commute times, crime rates, and property taxes. Working with a knowledgeable real estate agent familiar with the area is highly recommended. They can provide valuable insights into the local market and assist you throughout the entire process. Furthermore, securing pre-approval for your mortgage before beginning your home search is crucial, ensuring a smoother and more efficient home-buying experience.
Neighborhood Associations and Community Involvement
Archer Heights boasts a strong sense of community, fostered by active neighborhood associations and a variety of community events. These organizations play a vital role in enhancing the quality of life for residents, addressing local concerns, and promoting a vibrant neighborhood atmosphere. Their involvement ranges from beautification projects to advocating for residents’ interests.
While specific, formally registered neighborhood associations with readily available online contact information may be limited for Archer Heights, the strong community spirit is evident in the numerous local initiatives and events that occur. This close-knit nature often means community engagement happens organically through local businesses, churches, and informal networks rather than through large, formally structured associations.
Community Development Initiatives
The lack of a formally registered, large-scale neighborhood association doesn’t diminish the community’s active role in its own development. Many improvements are driven by collaborative efforts between residents, local businesses, and sometimes, the city’s alderman’s office. Examples might include resident-led clean-up days, fundraising efforts for park improvements, or petitions for improved infrastructure. These initiatives often leverage social media groups and word-of-mouth communication to gather participation.
Community Events and Activities
Archer Heights typically sees a variety of community events throughout the year, often organized around local holidays or seasonal celebrations. These might include block parties, neighborhood picnics, holiday parades (potentially smaller, localized events), or fundraising events for local charities. Information on these events is usually disseminated through local flyers, word-of-mouth, and possibly through social media groups specific to the neighborhood. The frequency and specifics of these events can vary from year to year.
Accessing Community Information
Finding direct contact information for a formally structured neighborhood association may prove challenging. However, information on local events and community initiatives can often be obtained through several avenues. Contacting the local Alderman’s office for the ward encompassing Archer Heights is a reliable starting point. Local businesses, churches, and schools may also serve as valuable sources of information about community activities and engagement opportunities. Furthermore, searching for Archer Heights-related Facebook groups or Nextdoor communities could reveal valuable information about ongoing projects and upcoming events.
Commonly Asked Questions
What is the average commute time to downtown Chicago from Archer Heights?
Commute times vary depending on the mode of transportation and specific location within Archer Heights, but generally range from 30-45 minutes by car and slightly longer using public transportation.
Are there any homeowner’s associations in Archer Heights?
The presence of homeowner’s associations varies depending on the specific subdivision or development within Archer Heights. It’s advisable to check individual property listings for details regarding HOA fees and regulations.
What are the property tax rates compared to other similar Chicago neighborhoods?
Property tax rates in Archer Heights are generally competitive with similar neighborhoods. However, it’s crucial to consult with a tax professional for precise figures and comparisons.