South Holland appreciation rates and housing market information
South Holland housing market information
With a population of 22,133, 7,382 total housing units (homes and apartments), and a median house value of $152,040, South Holland real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in South Holland, accounting for 94.85% of the village's housing units. Other types of housing that are prevalent in South Holland include large apartment complexes or high rise apartments (3.40%), row houses and other attached homes (1.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Holland. Owner-occupied housing accounts for 87.42% of South Holland's homes, and 83.37% 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. South Holland's housing was primarily built during this period, from the '40s through the '60s. A full 57.32% of the village's housing hails from this era. Other housing ages represented in South Holland include homes built between 1970-1999 (33.38%) and housing constructed before 1939 (6.61%). There's also some housing in South Holland built between 2000 and later (2.68%).
South Holland home appreciation rates
South Holland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Holland during the period has been just -0.35%, which is lower than 70% of US communities.
Appreciation rates are so strong in South Holland that despite a nationwide downturn in the housing market, South Holland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Holland appreciation rates continue to be some of the highest in America, at 4.61%, which is higher than appreciation rates in 71.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Holland. South Holland appreciation rates in the latest quarter were at 1.39%, which equates to an annual appreciation rate of 5.66%.
Relative to Illinois, our data show that South Holland's latest annual appreciation rate is higher than 70% 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 South Holland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Holland - 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 South Holland real estate investment or home purchase decisions.