Bridgeview, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Bridgeview Neighborhoods Since 2000




Bridgeview, 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

Bridgeview Housing Market Information

With 16,407 people, 5,459 houses or apartments, and a median cost of homes of $199,706, Bridgeview real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bridgeview, accounting for 56.46% of the village's housing units. Other types of housing that are prevalent in Bridgeview include large apartment complexes or high rise apartments ( 19.36%), mobile homes or trailers ( 12.23%), and a few row houses and other attached homes ( 6.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bridgeview. Owner-occupied housing accounts for 71.30% of Bridgeview's homes, and 59.14% have either three or four bedrooms, which is average sized relative to America.

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. Bridgeview's housing was primarily built during this period, from the '40s through the '60s. A full 45.24% of the village's housing hails from this era. Other housing ages represented in Bridgeview include homes built between 1970-1999 ( 37.69%) and housing constructed between 2000 and later ( 13.77%). There's also some housing in Bridgeview built before 1939 ( 3.31%).

Bridgeview Home Appreciation Rates

Homes have actually lost value in Bridgeview over the last then years, as home values have seen a decline of 28.85% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bridgeview home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Bridgeview that despite a nationwide downturn in the housing market, Bridgeview real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bridgeview appreciation rates continue to be some of the highest in America, at 8.47%, which is higher than appreciation rates in 88.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bridgeview. Bridgeview appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Bridgeview's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$199,706

Bridgeview, IL HOME PRICES

Value Range
> $1,139,000 0.8
$855,001 - $1,139,000 0.0
$570,001 - $855,000 0.4
$456,001 - $570,000 0.9
$342,001 - $456,000 4.6
$228,001 - $342,000 26.8
$114,001 - $228,000 50.9
$57,001 - $114,000 6.9
$0 - $57,000 8.8

High for IL
High for Nation

Value Relative to Nation Value Relative to State
32.3274346654166 25.0632911392405

Number Of Homes And Apartments:
5,459

Bridgeview 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
16.76% 0.90% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,195 / per month

Homeownership Rate

Homeownership
Owners 71.30
Renters 28.70
Vacant 5.46

Housing Market Details

 

Age of Homes

AGE OF Bridgeview HOMES
2000 or Newer 13.8
1970 - 1999 37.7
1940 - 1969 45.2
1939 or Older 3.3

Types of Homes

TYPE OF Bridgeview HOMES
Single-Family 56.5
Townhomes 6.4
Small Apt. Buildings 5.6
Apt. Complexes 19.4
Mobile Homes 12.2
Other 0.0

Home Size

SIZE OF Bridgeview HOMES
No Bedroom 2.18
1 Bedroom 7.17
2 Bedrooms 29.74
3 Bedrooms 43.00
4 Bedrooms 16.14
5 or more bedrooms 1.77