Mundelein appreciation rates and housing market information

Mundelein housing market information

With 30,588 people, 10,148 houses or apartments, and a median cost of homes of $275,979, Mundelein real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Mundelein, accounting for 67.76% of the village's housing units. Other types of housing that are prevalent in Mundelein include large apartment complexes or high rise apartments (16.69%), row houses and other attached homes (13.23%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.23%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Mundelein. Owner-occupied housing accounts for 77.41% of Mundelein's homes, and 63.42% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mundelein built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mundelein built from 1940-1969 (33.87%). A lesser amount of the housing stock also hails from 1995 and later (15.65%), and some were built from 1939 and earlier (15.65%).

Mundelein home appreciation rates

Mundelein's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mundelein during the period has been just 5.20%, which is lower than % of US communities.

Over the last year, Mundelein appreciation rates have trailed the rest of the nation. In the last twelve months, Mundelein's appreciation rate has been -4.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mundelein were at -0.58%, which equates to an annual appreciation rate of -2.32%.

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

Relative to Illinois, our data show that Mundelein's latest annual appreciation rate is higher than 17% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Mundelein differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mundelein - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Mundelein real estate investment or home purchase decisions.