Bradley, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bradley Neighborhoods Since 2000




Bradley, 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

Bradley Housing Market Information

With 15,617 people, 6,049 houses or apartments, and a median cost of homes of $127,117, 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 74.99% 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 ( 13.41%), large apartment complexes or high rise apartments ( 8.05%), and a few row houses and other attached homes ( 3.44%).

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 64.58% owning and 35.42% 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 41.50% of the village's housing hails from this era. Other housing ages represented in Bradley include homes built between 1970-1999 ( 33.90%) and housing constructed between 2000 and later ( 18.06%). There's also some housing in Bradley built before 1939 ( 6.54%).

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 -1.12%, which is lower than 70% of US communities.

Over the last year, Bradley appreciation rates have trailed the rest of the nation. In the last twelve months, Bradley's appreciation rate has been 0.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bradley were at -1.84%, which equates to an annual appreciation rate of -7.15%.

Notably, Bradley's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$127,117

Bradley, IL HOME PRICES

Value Range
> $1,024,000 0.0
$768,001 - $1,024,000 0.1
$513,001 - $768,000 0.7
$410,001 - $513,000 0.4
$307,001 - $410,000 3.8
$205,001 - $307,000 15.8
$102,001 - $205,000 55.3
$51,001 - $102,000 21.6
$0 - $51,000 2.2

Average for IL
Low for Nation

Value Relative to Nation Value Relative to State
61.3383335286535 52.0253164556962

Number Of Homes And Apartments:
6,049

Bradley 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
19.90% 1.06% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,028 / per month

Homeownership Rate

Homeownership
Owners 64.58
Renters 35.42
Vacant 5.81

Housing Market Details

 

Age of Homes

AGE OF Bradley HOMES
2000 or Newer 18.1
1970 - 1999 33.9
1940 - 1969 41.5
1939 or Older 6.5

Types of Homes

TYPE OF Bradley HOMES
Single-Family 75.0
Townhomes 3.4
Small Apt. Buildings 13.4
Apt. Complexes 8.1
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Bradley HOMES
No Bedroom 1.79
1 Bedroom 7.29
2 Bedrooms 29.63
3 Bedrooms 48.71
4 Bedrooms 11.16
5 or more bedrooms 1.42