Evergreen Park appreciation rates and housing market information

Evergreen Park housing market information

With 20,821 people, 7,617 houses or apartments, and a median cost of homes of $248,214, Evergreen Park real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Evergreen Park, accounting for 84.95% of the village's housing units. Other types of housing that are prevalent in Evergreen Park include large apartment complexes or high rise apartments (10.21%), duplexes, homes converted to apartments, or other small apartment buildings (3.72%), and a few row houses and other attached homes (0.96%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Evergreen Park. Owner-occupied housing accounts for 83.76% of Evergreen Park's homes, and 69.02% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Evergreen Park's housing was primarily built during this period, from the '40s through the '60s. A full 81.36% of the village's housing hails from this era. Other housing ages represented in Evergreen Park include homes built between 1939 and earlier (10.84%), and housing constructed from 1970-1994 (7.16%). There's also some housing in Evergreen Park built between 1995 and later (.64%).

Evergreen Park home appreciation rates

Real estate appreciation rates in Evergreen Park have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.66% during the period.

Over the last year, Evergreen Park appreciation rates have trailed the rest of the nation. In the last twelve months, Evergreen Park's appreciation rate has been -4.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Evergreen Park were at -0.62%, which equates to an annual appreciation rate of -2.48%.

Notably, Evergreen Park's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Evergreen Park's latest annual appreciation rate is higher than 19% of the other cities and towns in Illinois.