Batavia, IL Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Batavia, IL Housing Market Trends

With a population of 26,420, 9,834 total housing units (homes and apartments), and a median house value of $297,453, 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 68.33% of the city's housing units. Other types of housing that are prevalent in Batavia include large apartment complexes or high rise apartments ( 14.25%), row houses and other attached homes ( 10.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.21%).

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 75.73% of Batavia's homes, and 63.63% 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 between 2000 and later ( 15.74%). A lesser amount of the housing stock also hails from before 1939 ( 14.62%). There's also some housing in Batavia built between 1940-1969 ( 14.52%).

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 1.71%, which is lower than 70% 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 2.66%, 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 1.26%, which equates to an annual appreciation rate of 5.15%.

Notably, Batavia's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Batavia's latest annual appreciation rate is lower 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 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:
$297,453

Batavia, IL HOME PRICES

> $1,093,000
1.1%
1.1%
$820,001 - $1,093,000
0.5%
0.5%
$547,001 - $820,000
5.5%
5.5%
$437,001 - $547,000
10.5%
10.5%
$328,001 - $437,000
30.2%
30.2%
$219,001 - $328,000
37.5%
37.5%
$109,001 - $219,000
13.6%
13.6%
$55,001 - $109,000
0.2%
0.2%
$0 - $55,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IL

Value Relative To Nation

Number Of Homes And Apartments:
9,834

Batavia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
33.70% 1.39%
4
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,781 / per month

Homeownership Rate

Owners
75.7%
75.7%
Renters
24.3%
24.3%
Vacant
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
15.7%
15.7%
1970 - 1999
55.1%
55.1%
1940 - 1969
14.5%
14.5%
1939 or Older
14.6%
14.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.3%
68.3%
Townhomes
10.8%
10.8%
Small Apt. Buildings
6.2%
6.2%
Apt. Complexes
14.3%
14.3%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
7.3%
7.3%
2 Bedrooms
21.7%
21.7%
3 Bedrooms
29.9%
29.9%
4 Bedrooms
33.7%
33.7%
5 or more bedrooms
4.9%
4.9%
0.0% 100.0%
% OF HOMES