Batavia, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Batavia, IL Real Estate Data


Batavia Housing Market Information

With a population of 26,495, 9,471 total housing units (homes and apartments), and a median house value of $318,249, Batavia real estate is some of the most expensive in Illinois, although Batavia home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Batavia, accounting for 69.31% of the city's housing units. Other types of housing that are prevalent in Batavia include large apartment complexes or high rise apartments ( 13.42%), row houses and other attached homes ( 9.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Batavia. Owner-occupied housing accounts for 78.09% of Batavia's homes, and 60.08% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Batavia 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 Batavia built before 1939 ( 16.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.08%). There's also some housing in Batavia built between 2000 and later ( 15.63%).

Batavia Home Appreciation Rates

Batavia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Batavia during the period has been just -1.39%, which is lower than 80% of US communities.

Over the last year, Batavia appreciation rates have trailed the rest of the nation. In the last twelve months, Batavia's appreciation rate has been 4.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Batavia were at 1.63%, which equates to an annual appreciation rate of 6.69%.

Relative to Illinois, our data show that Batavia'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 city. Individual neighborhoods within Batavia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Batavia - 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 Batavia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$318,249

Batavia, IL HOME PRICES

Value Range
> $1,112,000 0.6
$834,001 - $1,112,000 0.6
$556,001 - $834,000 5.2
$445,001 - $556,000 10.8
$333,001 - $445,000 21.7
$222,001 - $333,000 40.4
$111,001 - $222,000 16.5
$56,001 - $111,000 1.6
$0 - $56,000 2.6

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
15.1314633717866 9.36708860759494

Number Of Homes And Apartments:
9,471

Rent & Ownership

 

Average Market Rent:
$1,315 / per month

Homeownership Rate

Homeownership
Owners 78.09
Renters 21.91
Vacant 6.25

Housing Market Details

 

Age of Homes

AGE OF Batavia HOMES
2000 or Newer 15.6
1970 - 1999 51.9
1940 - 1969 16.1
1939 or Older 16.4

Types of Homes

TYPE OF Batavia HOMES
Single-Family 69.3
Townhomes 9.2
Small Apt. Buildings 7.3
Apt. Complexes 13.4
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Batavia HOMES
No Bedroom 3.20
1 Bedroom 10.47
2 Bedrooms 19.91
3 Bedrooms 25.27
4 Bedrooms 34.80
5 or more bedrooms 6.35

Batavia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2016 Q3
20.18% 1.09% 4 2
* 10 is highest