Bartlett, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bartlett, 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 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

Bartlett Housing Market Information

With a population of 41,149, 13,542 total housing units (homes and apartments), and a median house value of $252,035, Bartlett real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bartlett, accounting for 70.47% of the village's housing units. Other types of housing that are prevalent in Bartlett include row houses and other attached homes ( 16.56%), large apartment complexes or high rise apartments ( 5.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bartlett. Owner-occupied housing accounts for 88.67% of Bartlett's homes, and 73.71% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bartlett 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 Bartlett built between 2000 and later ( 16.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.71%). There's also some housing in Bartlett built before 1939 ( 1.85%).

Bartlett Home Appreciation Rates

Bartlett's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bartlett during the period has been just -0.21%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Bartlett's appreciation rate, at 4.33%, has been at or slightly above the national average. In the latest quarter, Bartlett's appreciation rate has been 0.39%, which annualizes to a rate of 1.58%.

Relative to Illinois, our data show that Bartlett's latest annual appreciation rate is higher than 80% 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 Bartlett differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bartlett - 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 Bartlett real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$252,035

Bartlett, IL HOME PRICES

Value Range
> $1,167,000 0.4
$876,001 - $1,167,000 0.2
$584,001 - $876,000 3.4
$467,001 - $584,000 7.6
$350,001 - $467,000 22.4
$233,001 - $350,000 43.2
$117,001 - $233,000 16.9
$58,001 - $117,000 2.8
$0 - $58,000 3.2

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
26.2248175182482 17.0886075949367

Number Of Homes And Apartments:
13,542

Bartlett Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
26.14% 1.21%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,124 / per month

Homeownership Rate

Homeownership
Owners 88.67
Renters 11.33
Vacant 5.68

Housing Market Details

 

Age of Homes

AGE OF Bartlett HOMES
2000 or Newer 16.7
1970 - 1999 74.8
1940 - 1969 6.7
1939 or Older 1.8

Types of Homes

TYPE OF Bartlett HOMES
Single-Family 70.5
Townhomes 16.6
Small Apt. Buildings 5.1
Apt. Complexes 5.2
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Bartlett HOMES
No Bedroom 0.66
1 Bedroom 2.49
2 Bedrooms 18.66
3 Bedrooms 39.15
4 Bedrooms 34.56
5 or more bedrooms 4.47