South Holland appreciation rates and housing market information
South Holland housing market information
With a population of 22,123, 7,382 total housing units (homes and apartments), and a median house value of $149,380, 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 93.87% of the village's housing units. Other types of housing that are prevalent in South Holland include large apartment complexes or high rise apartments (3.63%), row houses and other attached homes (1.63%).
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 83.61% 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 55.70% of the village's housing hails from this era. Other housing ages represented in South Holland include homes built between 1970-1999 (35.97%) and housing constructed before 1939 (5.09%). There's also some housing in South Holland built between 2000 and later (3.23%).
South Holland home appreciation rates
Homes have actually lost value in South Holland over the last then years, as home values have seen a decline of 30.10% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows South Holland home appreciation rates at 0.17%, which equates to an annual appreciation rate of 0.66%.
Over the last year, South Holland appreciation rates have trailed the rest of the nation. In the last twelve months, South Holland's appreciation rate has been -1.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Holland were at 0.17%, which equates to an annual appreciation rate of 0.66%.
Relative to Illinois, our data show that South Holland's latest annual appreciation rate is lower than 60% 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.