Berwyn, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Berwyn Neighborhoods Since 2000




Berwyn, 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

Berwyn Housing Market Information

With a population of 56,368, 18,291 total housing units (homes and apartments), and a median house value of $210,689, Berwyn real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Berwyn, accounting for 52.52% of the city's housing units. Other types of housing that are prevalent in Berwyn include duplexes, homes converted to apartments or other small apartment buildings ( 30.60%), large apartment complexes or high rise apartments ( 15.91%).

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

The housing in Berwyn was primarily built before 1939 ( 59.33%), making the housing stock in Berwyn some of the oldest overall in America, although there is a range of ages of homes in Berwyn. The next most important housing age is between 1940-1969 ( 32.93%), followed by between 1970-1999 ( 5.95%). There's also some housing in Berwyn built between 2000 and later ( 1.79%).

Vacant housing appears to be an issue in Berwyn. Fully 10.02% of the housing stock is classified as vacant. Left unchecked, vacant Berwyn homes and apartments can be a drag on the real estate market, holding Berwyn 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.

Berwyn Home Appreciation Rates

Homes have actually lost value in Berwyn over the last then years, as home values have seen a decline of 26.20% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Berwyn 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, Berwyn's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Berwyn's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Berwyn'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 city. Individual neighborhoods within Berwyn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Berwyn - 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 Berwyn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$210,689

Berwyn, IL HOME PRICES

Value Range
> $1,202,000 0.5
$901,001 - $1,202,000 0.0
$601,001 - $901,000 0.2
$481,001 - $601,000 0.7
$361,001 - $481,000 3.9
$240,001 - $361,000 27.1
$120,001 - $240,000 57.6
$60,001 - $120,000 5.7
$0 - $60,000 4.4

High for IL
High for Nation

Value Relative to Nation Value Relative to State
29.7492089534747 22.0253164556962

Number Of Homes And Apartments:
18,291

Berwyn 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
24.82% 1.29% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,192 / per month

Homeownership Rate

Homeownership
Owners 59.75
Renters 40.25
Vacant 10.02

Housing Market Details

 

Age of Homes

AGE OF Berwyn HOMES
2000 or Newer 1.8
1970 - 1999 6.0
1940 - 1969 32.9
1939 or Older 59.3

Types of Homes

TYPE OF Berwyn HOMES
Single-Family 52.5
Townhomes 0.9
Small Apt. Buildings 30.6
Apt. Complexes 15.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Berwyn HOMES
No Bedroom 1.89
1 Bedroom 12.38
2 Bedrooms 34.92
3 Bedrooms 35.58
4 Bedrooms 11.30
5 or more bedrooms 3.92