This small Illinois village was named the most expensive neighborhood in the state

Meredith Howard
·2 min read
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An Illinois village with fewer than 9,000 residents has been dubbed the most expensive neighborhood in the state by one site.

Glencoe, located in northeastern Illinois, has an average home price of $3,078,442, according to CashNetUSA, an online lender. It landed the spot for the No. 1 most expensive Illinois neighborhood.

The CashNetUSA article ranked the most expensive neighborhoods in each state using data from Zillow. Neighborhoods with fewer than 10 listings were excluded from the calculation. Villages or towns similar in size to neighborhoods within cities were considered neighborhoods for the purpose of the ranking, including Glencoe.

What to know about Glencoe

Along with a golf club, ice rinks and the Writers Theatre, Glencoe is also home to the Chicago Botanic Garden. The garden hosts plant giveaways, birding classes, cultural lectures and more.

For an outdoor adventure in Glencoe, check out the Green Bay Trail or the beach. Glencoe Beach has a $20 daily admission charge to nonresidents in the “beach season,” and may have restrictions on what days or times the tickets can be used.

Glencoe is primarily residential once you leave downtown, the village’s website says, and its historic homes feature work by famed architects such as Frank Lloyd Wright, Howard Van Doren Shaw and others.

The village was incorporated in 1869, and its population peaked at 10,542 in 1970, according to the Encyclopedia of Chicago.

More than 93% of Glencoe housing is owner-occupied, the U.S. Census Bureau reports, and 94.1% of the village’s population is white. The median household income is $212,132, according to the Census Bureau, and the average commute time is 35.7 minutes.

Most expensive neighborhoods in the U.S.

A map of the most expensive neighborhoods in all 50 U.S. states, according to CashNetUSA.
A map of the most expensive neighborhoods in all 50 U.S. states, according to CashNetUSA.

Here’s how the 10 most expensive U.S. neighborhoods compared, according to CashNetUSA.

  1. Manalapan, Fla.: $39,761,000 average home price

  2. Palm Island, Fla.: $27,624,833

  3. Snowmass, Colo.: $23,568,750

  4. Beverly Hills Gateway, Calif.: $22,771,957

  5. Port Royal, Fla.: $22,032,667

  6. Golden Beach, Fla.: $18,659,412

  7. Bel Air, Calif.: $18,581,775

  8. Southampton Village, N.Y.: $16,719,714

  9. Sagaponack, N.Y.: $16,016,944

  10. Trousdale Estates, Calif.: $15,870,100