Alsip, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Alsip Neighborhoods Since 2000




Alsip, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Alsip Housing Market Information

With a population of 19,346, 7,032 total housing units (homes and apartments), and a median house value of $170,488, Alsip real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Alsip, accounting for 49.24% of the village's housing units. Other types of housing that are prevalent in Alsip include large apartment complexes or high rise apartments ( 39.73%), row houses and other attached homes ( 5.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.36%).

People in Alsip primarily live in small (one, two or no bedroom) single-family detached homes. Alsip has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Alsip built from 1970 to 1999 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 Alsip built between 1940-1969 ( 35.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.96%). There's also some housing in Alsip built before 1939 ( 1.67%).

Alsip Home Appreciation Rates

Homes have actually lost value in Alsip over the last then years, as home values have seen a decline of 29.87% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Alsip home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Alsip appreciation rates have trailed the rest of the nation. In the last twelve months, Alsip's appreciation rate has been 0.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alsip were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Alsip's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$170,488

Alsip, IL HOME PRICES

Value Range
> $1,077,000 0.2
$808,001 - $1,077,000 0.0
$538,001 - $808,000 0.1
$431,001 - $538,000 0.7
$323,001 - $431,000 3.3
$216,001 - $323,000 21.0
$108,001 - $216,000 55.1
$54,001 - $108,000 13.7
$0 - $54,000 5.9

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
41.4742763389195 32.9113924050633

Number Of Homes And Apartments:
7,032

Alsip Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
9.25% 0.51% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,159 / per month

Homeownership Rate

Homeownership
Owners 63.05
Renters 36.95
Vacant 5.14

Housing Market Details

 

Age of Homes

AGE OF Alsip HOMES
2000 or Newer 5.0
1970 - 1999 57.6
1940 - 1969 35.7
1939 or Older 1.7

Types of Homes

TYPE OF Alsip HOMES
Single-Family 49.2
Townhomes 5.7
Small Apt. Buildings 5.4
Apt. Complexes 39.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Alsip HOMES
No Bedroom 0.39
1 Bedroom 11.84
2 Bedrooms 37.22
3 Bedrooms 36.98
4 Bedrooms 10.00
5 or more bedrooms 3.57