Cahokia, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cahokia Neighborhoods Since 2000




Cahokia, 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

Cahokia Housing Market Information

With 14,402 people, 5,057 houses or apartments, and a median cost of homes of $46,199, house prices in Cahokia are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in Cahokia, accounting for 80.99% of the village's housing units. Other types of housing that are prevalent in Cahokia include mobile homes or trailers ( 7.78%), duplexes, homes converted to apartments or other small apartment buildings ( 5.34%), and a few large apartment complexes or high rise apartments ( 4.08%).

The most prevalent building size and type in Cahokia are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 50.05% owning and 49.95% 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. Cahokia's housing was primarily built during this period, from the '40s through the '60s. A full 64.15% of the village's housing hails from this era. Other housing ages represented in Cahokia include homes built between 1970-1999 ( 22.12%) and housing constructed before 1939 ( 10.99%). There's also some housing in Cahokia built between 2000 and later ( 2.74%).

Vacant housing appears to be an issue in Cahokia. Fully 25.01% of the housing stock is classified as vacant. Left unchecked, vacant Cahokia homes and apartments can be a drag on the real estate market, holding Cahokia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cahokia Home Appreciation Rates

Homes have actually lost value in Cahokia over the last then years, as home values have seen a decline of 29.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cahokia home appreciation rates at 1.03%, which equates to an annual appreciation rate of 4.19%.

Over the last year, Cahokia appreciation rates have trailed the rest of the nation. In the last twelve months, Cahokia's appreciation rate has been -5.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cahokia were at 1.03%, which equates to an annual appreciation rate of 4.19%.

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

Average Home Values

 

Median Home Value:
$46,199

Cahokia, IL HOME PRICES

Value Range
> $913,000 0.0
$685,001 - $913,000 1.4
$456,001 - $685,000 0.3
$365,001 - $456,000 0.2
$274,001 - $365,000 0.3
$183,001 - $274,000 0.1
$91,001 - $183,000 9.8
$46,001 - $91,000 38.5
$0 - $46,000 49.6

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
99.5898277276456 99.4936708860759

Number Of Homes And Apartments:
5,057

Cahokia 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
-9.00% -0.55% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,083 / per month

Homeownership Rate

Homeownership
Owners 50.05
Renters 49.95
Vacant 25.01

Housing Market Details

 

Age of Homes

AGE OF Cahokia HOMES
2000 or Newer 2.7
1970 - 1999 22.1
1940 - 1969 64.1
1939 or Older 11.0

Types of Homes

TYPE OF Cahokia HOMES
Single-Family 81.0
Townhomes 1.8
Small Apt. Buildings 5.3
Apt. Complexes 4.1
Mobile Homes 7.8
Other 0.0

Home Size

SIZE OF Cahokia HOMES
No Bedroom 0.16
1 Bedroom 5.09
2 Bedrooms 31.32
3 Bedrooms 53.16
4 Bedrooms 9.34
5 or more bedrooms 0.93