Beardstown, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beardstown, 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

Beardstown Housing Market Information

With 5,738 people, 2,268 houses or apartments, and a median cost of homes of $80,050, 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 68.99% of the city's housing units. Other types of housing that are prevalent in Beardstown include mobile homes or trailers ( 12.33%), large apartment complexes or high rise apartments ( 9.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.72%).

People in Beardstown primarily live in small (one, two or no bedroom) single-family detached homes. Beardstown has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Beardstown's housing was primarily built during this period, from the '40s through the '60s. A full 34.10% of the city's housing hails from this era. Other housing ages represented in Beardstown include homes built before 1939 ( 30.73%) and housing constructed between 1970-1999 ( 29.86%). There's also some housing in Beardstown built between 2000 and later ( 5.31%).

Vacant housing appears to be an issue in Beardstown. Fully 10.07% 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.

Beardstown Home Appreciation Rates

In the last 10 years, Beardstown has experienced some of the highest home appreciation rates of any community in the nation. Beardstown real estate appreciated 27.58% over the last ten years, which is an average annual home appreciation rate of 2.47%, putting Beardstown in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Beardstown definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 1.97%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Beardstown's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$80,050

Beardstown, IL HOME PRICES

Value Range
> $1,060,000 0.1
$796,001 - $1,060,000 0.1
$530,001 - $796,000 0.3
$424,001 - $530,000 0.3
$318,001 - $424,000 1.4
$212,001 - $318,000 1.5
$106,001 - $212,000 15.8
$53,001 - $106,000 51.7
$0 - $53,000 28.8

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
90.4722840735966 88.7341772151899

Number Of Homes And Apartments:
2,268

Beardstown 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
55.24% 2.58% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$740 / per month

Homeownership Rate

Homeownership
Owners 61.81
Renters 38.19
Vacant 10.07

Housing Market Details

 

Age of Homes

AGE OF Beardstown HOMES
2000 or Newer 5.3
1970 - 1999 29.9
1940 - 1969 34.1
1939 or Older 30.7

Types of Homes

TYPE OF Beardstown HOMES
Single-Family 69.0
Townhomes 0.4
Small Apt. Buildings 8.7
Apt. Complexes 9.6
Mobile Homes 12.3
Other 0.0

Home Size

SIZE OF Beardstown HOMES
No Bedroom 3.17
1 Bedroom 9.52
2 Bedrooms 37.43
3 Bedrooms 33.62
4 Bedrooms 14.67
5 or more bedrooms 1.59

Popular Neighborhoods in Beardstown

Zip Codes in Beardstown, IL