Arlington Heights IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Arlington Heights, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Arlington Heights Housing Market Information

With a population of 75,249, 30,827 total housing units (homes and apartments), and a median house value of $358,303, Arlington Heights house prices are not only among the most expensive in Illinois, Arlington Heights real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Arlington Heights, accounting for 56.24% of the village's housing units. Other types of housing that are prevalent in Arlington Heights include large apartment complexes or high rise apartments ( 32.34%), row houses and other attached homes ( 7.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arlington Heights. Owner-occupied housing accounts for 74.17% of Arlington Heights's homes, and 54.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Arlington Heights 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 Arlington Heights built between 1940-1969 ( 43.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.78%). There's also some housing in Arlington Heights built before 1939 ( 3.93%).

Arlington Heights Home Appreciation Rates

Arlington Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Arlington Heights during the period has been just 0.89%, which is lower than 70% of US communities.

Over the last year, Arlington Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Arlington Heights's appreciation rate has been 1.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arlington Heights were at 1.29%, which equates to an annual appreciation rate of 5.25%.

Relative to Illinois, our data show that Arlington Heights's latest annual appreciation rate is lower 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 Arlington Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Arlington Heights - 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 2000, to assist you in making the best Arlington Heights real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$358,303

Arlington Heights, IL HOME PRICES

Value Range
> $1,120,000 1.2
$841,001 - $1,120,000 3.3
$560,001 - $841,000 11.4
$448,001 - $560,000 15.9
$336,001 - $448,000 26.9
$224,001 - $336,000 20.9
$112,001 - $224,000 12.7
$56,001 - $112,000 5.1
$0 - $56,000 2.5

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
14.7153284671533 7.9746835443038

Number Of Homes And Apartments:
30,827

Arlington Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
43.19% 1.83%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,605 / per month

Homeownership Rate

Homeownership
Owners 74.17
Renters 25.83
Vacant 4.69

Housing Market Details

 

Age of Homes

AGE OF Arlington Heights HOMES
2000 or Newer 5.8
1970 - 1999 47.2
1940 - 1969 43.1
1939 or Older 3.9

Types of Homes

TYPE OF Arlington Heights HOMES
Single-Family 56.2
Townhomes 7.4
Small Apt. Buildings 3.9
Apt. Complexes 32.3
Mobile Homes 0.0
Other 0.1

Home Size

SIZE OF Arlington Heights HOMES
No Bedroom 0.94
1 Bedroom 14.89
2 Bedrooms 25.02
3 Bedrooms 31.88
4 Bedrooms 22.19
5 or more bedrooms 5.09