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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bradley, IL Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bradley, IL Housing Market Trends

With 15,232 people, 5,987 houses or apartments, and a median cost of homes of $182,273, house prices in Bradley are solidly below the national average.

Single-family detached homes are the single most common housing type in Bradley, accounting for 74.66% of the village's housing units. Other types of housing that are prevalent in Bradley include duplexes, homes converted to apartments or other small apartment buildings ( 12.32%), large apartment complexes or high rise apartments ( 8.24%), and a few row houses and other attached homes ( 4.62%).

The most prevalent building size and type in Bradley are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 62.89% owning and 37.11% renting.

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. Bradley's housing was primarily built during this period, from the '40s through the '60s. A full 36.38% of the village's housing hails from this era. Other housing ages represented in Bradley include homes built between 1970-1999 ( 34.26%) and housing constructed between 2000 and later ( 19.87%). There's also some housing in Bradley built before 1939 ( 9.49%).

Bradley Home Appreciation Rates

Bradley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bradley during the period has been just 4.91%, which is lower than 70% of US communities.

Appreciation rates are so strong in Bradley that despite a nationwide downturn in the housing market, Bradley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bradley appreciation rates continue to be some of the highest in America, at 6.94%, which is higher than appreciation rates in 73.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bradley. Bradley appreciation rates in the latest quarter were at 3.38%, which equates to an annual appreciation rate of 14.20%.

Importantly, this makes Bradley one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Illinois, our data show that Bradley's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$182,273

Bradley, IL Home Prices
> $1,297,000
$972,001 - $1,297,000
$648,001 - $972,000
$519,001 - $648,000
$389,001 - $519,000
$260,001 - $389,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
0.9%
0.9%
0.0%
0.0%
1.5%
1.5%
0.4%
0.4%
5.2%
5.2%
25.9%
25.9%
48.0%
48.0%
16.0%
16.0%
2.0%
2.0%
0% 100.0%
% of Homes
Average

for Illinois

Low

for nation

Number of Homes And Apartments:

5,987

Bradley Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,778 / per month

Homeownership Rate

Owners
Renters
62.9%
62.9%
37.1%
37.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.3%
5.3%
94.7%
94.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.9%
19.9%
34.3%
34.3%
36.4%
36.4%
9.5%
9.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.7%
74.7%
4.6%
4.6%
12.3%
12.3%
8.2%
8.2%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
8.2%
8.2%
30.8%
30.8%
46.5%
46.5%
11.9%
11.9%
1.8%
1.8%
0% 100.0%
% of Homes