Taylorville appreciation rates and housing market information

Taylorville housing market information

With 11,322 people, 5,162 houses or apartments, and a median cost of homes of $98,379,

single-family detached homes are the single most common housing type in Taylorville, accounting for 74.60% of the city's housing units. Other types of housing that are prevalent in Taylorville include large apartment complexes or high rise apartments (10.87%), duplexes, homes converted to apartments, or other small apartment buildings (7.19%), mobile homes or trailers (5.27%), and a few row houses and other attached homes (2.07%).

Dwellings in Taylorville tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 54.46% of the homes in Taylorville have two or fewer bedrooms.

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. Taylorville's housing was primarily built during this period, from the '40s through the '60s. A full 39.95% of the city's housing hails from this era. Other housing ages represented in Taylorville include homes built between 1939 and earlier (28.96%), and housing constructed from 1970-1994 (28.01%). There's also some housing in Taylorville built between 1995 and later (3.08%).

Taylorville home appreciation rates

Taylorville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Taylorville during the period has been just 5.69%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Taylorville home appreciation rates, at 1.59%, have been at or slightly above the national average. In the latest quarter, Taylorville's appreciation rate has been 0.24%, which annualizes to a rate of 0.96%.

Relative to Illinois, our data show that Taylorville's latest annual appreciation rate is higher than 59% of the other cities and towns in Illinois.