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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 5,780 people, 1,992 houses or apartments, and a median cost of homes of $97,332, house prices in Beardstown are some of the most affordable in Illinois as well as the nation.
Single-family detached homes are the single most common housing type in Beardstown, accounting for 67.41% of the city's housing units. Other types of housing that are prevalent in Beardstown include mobile homes or trailers ( 12.92%), duplexes, homes converted to apartments or other small apartment buildings ( 12.75%), and a few large apartment complexes or high rise apartments ( 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 Beardstown. Owner-occupied housing accounts for 67.27% of Beardstown's homes, and 56.14% have either three or four bedrooms, which is average sized relative to America.
The housing in Beardstown was primarily built before 1939 ( 30.03%), making the housing stock in Beardstown some of the oldest overall in America, although there is a range of ages of homes in Beardstown. The next most important housing age is between 1970-1999 ( 29.90%), followed by between 1940-1969 ( 28.24%). There's also some housing in Beardstown built between 2000 and later ( 11.84%).
Vacant housing appears to be an issue in Beardstown. Fully 13.32% of the housing stock is classified as vacant. Left unchecked, vacant Beardstown homes and apartments can be a drag on the real estate market, holding Beardstown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Beardstown, where house values have increased just 39.24%, which is annualized rate of 3.37%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Beardstown appreciation rates have trailed the rest of the nation. In the last twelve months, Beardstown's appreciation rate has been 4.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beardstown were at 1.05%, which equates to an annual appreciation rate of 4.25%.
Relative to Illinois, our data show that Beardstown's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.
$97,332
for Illinois
for nation
1,992
$981 / per month