Bolingbrook, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bolingbrook Neighborhoods Since 2000




Bolingbrook, 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

Bolingbrook Housing Market Information

With 74,306 people, 21,830 houses or apartments, and a median cost of homes of $232,055, Bolingbrook real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bolingbrook, accounting for 74.38% of the village's housing units. Other types of housing that are prevalent in Bolingbrook include row houses and other attached homes ( 14.26%), large apartment complexes or high rise apartments ( 10.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bolingbrook. Owner-occupied housing accounts for 80.75% of Bolingbrook's homes, and 77.36% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bolingbrook 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 Bolingbrook built between 2000 and later ( 20.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.48%). There's also some housing in Bolingbrook built before 1939 ( 1.50%).

Bolingbrook Home Appreciation Rates

Homes have actually lost value in Bolingbrook over the last then years, as home values have seen a decline of 19.57% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bolingbrook 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, Bolingbrook's appreciation rate, at 5.10%, has been at or slightly above the national average. In the latest quarter, Bolingbrook's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$232,055

Bolingbrook, IL HOME PRICES

Value Range
> $1,142,000 0.2
$856,001 - $1,142,000 0.9
$571,001 - $856,000 1.9
$457,001 - $571,000 3.2
$342,001 - $457,000 10.1
$228,001 - $342,000 33.7
$114,001 - $228,000 41.1
$57,001 - $114,000 6.9
$0 - $57,000 2.1

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
25.4892769248799 18.1012658227848

Number Of Homes And Apartments:
21,830

Bolingbrook 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
20.31% 1.08% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,984 / per month

Homeownership Rate

Homeownership
Owners 80.75
Renters 19.25
Vacant 6.98

Housing Market Details

 

Age of Homes

AGE OF Bolingbrook HOMES
2000 or Newer 21.0
1970 - 1999 64.0
1940 - 1969 13.5
1939 or Older 1.5

Types of Homes

TYPE OF Bolingbrook HOMES
Single-Family 74.4
Townhomes 14.3
Small Apt. Buildings 0.9
Apt. Complexes 10.3
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Bolingbrook HOMES
No Bedroom 1.02
1 Bedroom 5.66
2 Bedrooms 9.73
3 Bedrooms 44.58
4 Bedrooms 32.78
5 or more bedrooms 6.23