Batavia IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Batavia, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Batavia Housing Market Information

With a population of 26,316, 9,748 total housing units (homes and apartments), and a median house value of $304,397, 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 69.36% of the city's housing units. Other types of housing that are prevalent in Batavia include large apartment complexes or high rise apartments ( 13.16%), row houses and other attached homes ( 10.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.88%).

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 76.63% of Batavia's homes, and 64.82% 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 ( 15.00%). A lesser amount of the housing stock also hails from before 1939 ( 14.57%). There's also some housing in Batavia built between 1940-1969 ( 14.21%).

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 1.29%, 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 3.05%, 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 0.92%, which equates to an annual appreciation rate of 3.75%.

Relative to Illinois, our data show that Batavia'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 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:
$304,397

Batavia, IL HOME PRICES

Value Range
> $1,114,000 0.6
$836,001 - $1,114,000 0.7
$557,001 - $836,000 5.2
$446,001 - $557,000 9.6
$334,001 - $446,000 29.1
$223,001 - $334,000 37.9
$112,001 - $223,000 14.3
$56,001 - $112,000 1.0
$0 - $56,000 1.7

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
20.4846715328467 11.3924050632911

Number Of Homes And Apartments:
9,748

Batavia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
31.31% 1.35%
5
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,544 / per month

Homeownership Rate

Homeownership
Owners 76.63
Renters 23.37
Vacant 4.52

Housing Market Details

 

Age of Homes

AGE OF Batavia HOMES
2000 or Newer 15.0
1970 - 1999 56.2
1940 - 1969 14.2
1939 or Older 14.6

Types of Homes

TYPE OF Batavia HOMES
Single-Family 69.4
Townhomes 10.3
Small Apt. Buildings 6.9
Apt. Complexes 13.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Batavia HOMES
No Bedroom 1.43
1 Bedroom 8.21
2 Bedrooms 20.72
3 Bedrooms 29.46
4 Bedrooms 35.35
5 or more bedrooms 4.83