With a population of 75,926, 30,283 total housing units (homes and apartments), and a median house value of $360,355, 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 55.14% of the village's housing units. Other types of housing that are prevalent in Arlington Heights include large apartment complexes or high rise apartments ( 34.34%), row houses and other attached homes ( 7.36%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arlington Heights. Owner-occupied housing accounts for 74.95% of Arlington Heights's homes, and 52.42% 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 ( 42.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.16%). There's also some housing in Arlington Heights built before 1939 ( 4.14%).
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 -1.00%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Arlington Heights's appreciation rate, at 4.55%, has been at or slightly above the national average. In the latest quarter, Arlington Heights's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.
Relative to Illinois, our data show that Arlington Heights'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 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.
|$866,001 - $1,154,000||2.0|
|$577,001 - $866,000||10.3|
|$462,001 - $577,000||14.7|
|$346,001 - $462,000||25.2|
|$231,001 - $346,000||24.1|
|$115,001 - $231,000||14.1|
|$58,001 - $115,000||6.0|
|$0 - $58,000||2.5|
|Value Relative to Nation||Value Relative to State|
|AGE OF Arlington Heights HOMES|
|2000 or Newer||5.2|
|1970 - 1999||47.8|
|1940 - 1969||42.9|
|1939 or Older||4.1|
|TYPE OF Arlington Heights HOMES|
|Small Apt. Buildings||3.2|
|SIZE OF Arlington Heights HOMES|
|5 or more bedrooms||4.97|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
2000 Q1 - 2016 Q3
|* 10 is highest|