Pawnee appreciation rates and housing market information

Pawnee housing market information

With a population of 3,483, 3,630 total housing units (homes and apartments), and a median house value of $103,967, house prices in Pawnee are solidly below the national average.

single-family detached homes are the single most common housing type in Pawnee, accounting for 86.14% of the town's housing units. Other types of housing that are prevalent in Pawnee include mobile homes or trailers (7.91%), large apartment complexes or high rise apartments (2.64%), duplexes, homes converted to apartments, or other small apartment buildings (2.59%), and a few row houses and other attached homes (0.69%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Pawnee. Owner-occupied housing accounts for 77.49% of Pawnee's homes, and 58.07% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pawnee 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 Pawnee built from 1939 and earlier (28.57%). A lesser amount of the housing stock also hails from 1940-1969 (27.85%), and some were built from 1995 and later (27.85%).

Pawnee home appreciation rates

Pawnee's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pawnee during the period has been just 5.93%, which is lower than % of US communities.

Appreciation rates are so strong in Pawnee that despite a nationwide downturn in the housing market, Pawnee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pawnee appreciation rates continue to be some of the highest in America, at 3.47%, which is higher than appreciation rates in 79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pawnee. Pawnee appreciation rates in the latest quarter were at 0.71%, which equates to an annual appreciation rate of 2.84%.

Relative to Illinois, our data show that Pawnee's latest annual appreciation rate is higher than 82% of the other cities and towns in Illinois.