Beach Park, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Beach Park Neighborhoods Since 2000




Beach Park, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Beach Park Housing Market Information

With 13,976 people, 4,744 houses or apartments, and a median cost of homes of $174,928, Beach Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Beach Park, accounting for 72.00% of the village's housing units. Other types of housing that are prevalent in Beach Park include row houses and other attached homes ( 12.87%), mobile homes or trailers ( 11.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beach Park. Owner-occupied housing accounts for 82.68% of Beach Park's homes, and 71.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Beach Park 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 Beach Park built between 2000 and later ( 25.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.09%). There's also some housing in Beach Park built before 1939 ( 5.28%).

Beach Park Home Appreciation Rates

Homes have actually lost value in Beach Park over the last then years, as home values have seen a decline of 31.28% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Beach Park home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Beach Park's appreciation rate, at 4.11%, has been at or slightly above the national average. In the latest quarter, Beach Park's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Beach Park's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$174,928

Beach Park, IL HOME PRICES

Value Range
> $1,108,000 0.8
$831,001 - $1,108,000 0.6
$554,001 - $831,000 2.7
$443,001 - $554,000 2.0
$333,001 - $443,000 5.2
$222,001 - $333,000 21.9
$111,001 - $222,000 48.6
$55,001 - $111,000 11.1
$0 - $55,000 7.1

High for IL
High for Nation

Value Relative to Nation Value Relative to State
39.9390601195359 31.2658227848101

Number Of Homes And Apartments:
4,744

Beach Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-10.99% -0.67% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,383 / per month

Homeownership Rate

Homeownership
Owners 82.68
Renters 17.32
Vacant 7.51

Housing Market Details

 

Age of Homes

AGE OF Beach Park HOMES
2000 or Newer 25.9
1970 - 1999 49.7
1940 - 1969 19.1
1939 or Older 5.3

Types of Homes

TYPE OF Beach Park HOMES
Single-Family 72.0
Townhomes 12.9
Small Apt. Buildings 2.0
Apt. Complexes 1.6
Mobile Homes 11.5
Other 0.0

Home Size

SIZE OF Beach Park HOMES
No Bedroom 0.00
1 Bedroom 1.77
2 Bedrooms 23.38
3 Bedrooms 48.12
4 Bedrooms 22.97
5 or more bedrooms 3.76