Chicago Neighborhood Named Hottest in the Country for 2016: Report

Other hot neighborhoods in the Chicago area were the West Loop and East Village, according to Redfin

A Chicago neighborhood was named the hottest neighborhood in the nation in a new report Thursday.

Redfin, a real state brokerage, released its annual list of hottest neighborhoods across the country for 2016, and the Chicago’s Ukrainian Village took the no. 1 spot on the list.

The report analyzed the most recent growth in page views and favorites to along with insights from real estate agents specializing in neighborhoods across 31 major U.S. metros.

Ukrainian Village had a median sale price of $472,000 with the median number of days homes are on the market listed at 22.

The Northwest Side Chicago neighborhood was followed by the Eastwood neighborhood in Nashville, the Ericsson neighborhood in Minneapolis, the Hyde Park neighborhood in Austin and the Mount Pleasant neighborhood in Washington, D.C.

The report said the 2016 list features neighborhoods with access to public transit, affordable homes and charm.

Affordability was the top concern for buyers, according to the ranking, and those hunting for homes are searching for neighborhoods that are affordable but also offer stores, coffee shops and short rides to downtown.

“Ukrainian Village itself is tranquil, but bordered on all four sides by business and nightlife corridors,” Redfin Real Estate Agent Niko Voutsinas said in a statement.”For someone who wants a single-family home while still enjoying city life, the location is ideal. Plus, the homes have very high curb appeal, as compared to adjacent neighborhoods. Much of Ukrainian Village is landmarked, so you’ll find brick and stone housing built in the late 1800s, rather than the trendier (and more expensive) new construction condos nearby and on the neighborhood’s main thoroughfares.”

Other hot neighborhoods in the Chicago area were the West Loop and East Village, according to Redfin.

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