Bensenville, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bensenville Neighborhoods Since 2000




Bensenville, 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

Bensenville Housing Market Information

With 18,440 people, 6,329 houses or apartments, and a median cost of homes of $255,505, Bensenville real estate is some of the most expensive in Illinois, although Bensenville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bensenville, accounting for 50.06% of the village's housing units. Other types of housing that are prevalent in Bensenville include large apartment complexes or high rise apartments ( 43.21%), duplexes, homes converted to apartments or other small apartment buildings ( 4.30%), and a few row houses and other attached homes ( 2.24%).

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

There is a lot of housing in Bensenville 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 Bensenville built between 1940-1969 ( 39.71%). A lesser amount of the housing stock also hails from before 1939 ( 8.26%). There's also some housing in Bensenville built between 2000 and later ( 5.13%).

Bensenville Home Appreciation Rates

Homes have actually lost value in Bensenville over the last then years, as home values have seen a decline of 28.75% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bensenville 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, Bensenville's appreciation rate, at 4.90%, has been at or slightly above the national average. In the latest quarter, Bensenville's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Bensenville's latest annual appreciation rate is higher 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 village. Individual neighborhoods within Bensenville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bensenville - 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 Bensenville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$255,505

Bensenville, IL HOME PRICES

Value Range
> $1,156,000 0.2
$867,001 - $1,156,000 0.0
$578,001 - $867,000 1.3
$462,001 - $578,000 6.7
$347,001 - $462,000 15.7
$232,001 - $347,000 31.3
$116,001 - $232,000 34.3
$58,001 - $116,000 7.8
$0 - $58,000 2.7

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
21.7508496425642 14.1772151898734

Number Of Homes And Apartments:
6,329

Bensenville 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
8.25% 0.46% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,333 / per month

Homeownership Rate

Homeownership
Owners 51.12
Renters 48.88
Vacant 7.20

Housing Market Details

 

Age of Homes

AGE OF Bensenville HOMES
2000 or Newer 5.1
1970 - 1999 46.9
1940 - 1969 39.7
1939 or Older 8.3

Types of Homes

TYPE OF Bensenville HOMES
Single-Family 50.1
Townhomes 2.2
Small Apt. Buildings 4.3
Apt. Complexes 43.2
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Bensenville HOMES
No Bedroom 1.14
1 Bedroom 25.62
2 Bedrooms 28.04
3 Bedrooms 30.31
4 Bedrooms 11.30
5 or more bedrooms 3.59