Broadview, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Broadview Neighborhoods Since 2000




Broadview, 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

Broadview Housing Market Information

With a population of 7,918, 3,198 total housing units (homes and apartments), and a median house value of $163,577, Broadview real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Broadview, accounting for 62.96% of the village's housing units. Other types of housing that are prevalent in Broadview include large apartment complexes or high rise apartments ( 26.35%), duplexes, homes converted to apartments or other small apartment buildings ( 8.52%), and a few row houses and other attached homes ( 2.17%).

Dwellings in Broadview tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.85% of the homes in Broadview have two or fewer bedrooms.

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. Broadview's housing was primarily built during this period, from the '40s through the '60s. A full 65.94% of the village's housing hails from this era. Other housing ages represented in Broadview include homes built before 1939 ( 22.75%) and housing constructed between 1970-1999 ( 11.30%).

Broadview Home Appreciation Rates

Homes have actually lost value in Broadview over the last then years, as home values have seen a decline of 29.39% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Broadview home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Broadview that despite a nationwide downturn in the housing market, Broadview real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Broadview appreciation rates continue to be some of the highest in America, at 7.82%, which is higher than appreciation rates in 85.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Broadview. Broadview 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 Broadview's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$163,577

Broadview, IL HOME PRICES

Value Range
> $1,143,000 0.2
$857,001 - $1,143,000 1.8
$572,001 - $857,000 0.0
$457,001 - $572,000 0.6
$343,001 - $457,000 1.7
$229,001 - $343,000 18.3
$114,001 - $229,000 58.3
$57,001 - $114,000 13.2
$0 - $57,000 5.8

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
44.2224305636939 36.3291139240506

Number Of Homes And Apartments:
3,198

Broadview 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
8.23% 0.46% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,110 / per month

Homeownership Rate

Homeownership
Owners 65.92
Renters 34.08
Vacant 6.35

Housing Market Details

 

Age of Homes

AGE OF Broadview HOMES
2000 or Newer 0.0
1970 - 1999 11.3
1940 - 1969 65.9
1939 or Older 22.8

Types of Homes

TYPE OF Broadview HOMES
Single-Family 63.0
Townhomes 2.2
Small Apt. Buildings 8.5
Apt. Complexes 26.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Broadview HOMES
No Bedroom 3.89
1 Bedroom 17.45
2 Bedrooms 33.50
3 Bedrooms 37.42
4 Bedrooms 4.45
5 or more bedrooms 3.28