Rapid Development in Wheaton
Thursday, August 28th, 2008Wheaton IL has developed at a rapid pace since the early 1960’s. Wheaton development has boomed in the last decade, especially in the downtown area. There have been a number of large condominium and business developments in the last several years. One of the biggest newer landmarks is the Wheaton Center, a 758-unit apartment complex in Downtown.
Although Wheaton is landlocked, there is plenty of room for redevelopment. Many of Wheaton’s older buildings are either being torn down to make room for new ones, or they are being rehabbed. The amount of new development has been good for Wheaton’s already strong economy. It is definitely a great time to purchase real estate in Wheaton.
According to Wheaton realtors, single family housing in Wheaton increased in value by 10 percent in 2004 and 10.1 percent in 2005, continuing a steady increase.
In 2005, the median value for a Wheaton home was almost twice as much as the median value of an Illinois home. Wheaton resident also make more money than the average Illinois resident. Wheaton homeowners are very pleased with the increase in value of their homes over the last several years.
The steady rise in value is expected to continue, which has drawn in many outside investors to purchase Wheaton real estate.
There are various types of housing for sale in Wheaton, ranging from small apartment units and condominiums, to town homes and larger family homes.
Contact a local Wheaton real estate agent if you need assistance finding a home at www.realestateinwheatonil.com.












