Cairo, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cairo Neighborhoods Since 2000




Cairo, IL Real Estate Data


Cairo Housing Market Information

With a population of 2,467, 1,078 total housing units (homes and apartments), and a median house value of $36,241, house prices in Cairo 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 Cairo, accounting for 63.29% of the city's housing units. Other types of housing that are prevalent in Cairo include large apartment complexes or high rise apartments ( 26.97%), duplexes, homes converted to apartments or other small apartment buildings ( 9.10%).

People in Cairo primarily live in small (one, two or no bedroom) single-family detached homes. Cairo has a mixture of owner-occupied and renter-occupied housing.

The housing in Cairo was primarily built before 1939 ( 51.25%), making the housing stock in Cairo some of the oldest overall in America, although there is a range of ages of homes in Cairo. The next most important housing age is between 1940-1969 ( 27.80%), followed by between 1970-1999 ( 15.37%). There's also some housing in Cairo built between 2000 and later ( 5.57%).

Vacant housing appears to be an issue in Cairo. Fully 30.94% of the housing stock is classified as vacant. Left unchecked, vacant Cairo homes and apartments can be a drag on the real estate market, holding Cairo 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.

Cairo Home Appreciation Rates

Appreciation rates for homes in Cairo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.36%, which ranks in the top 40% nationwide. This equates to an annual average Cairo house appreciation rate of 0.71%.

Over the last year, Cairo appreciation rates have trailed the rest of the nation. In the last twelve months, Cairo's appreciation rate has been -1.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cairo were at 3.38%, which equates to an annual appreciation rate of 14.22%.

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

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

Average Home Values

 

Median Home Value:
$36,241

Cairo, IL HOME PRICES

Value Range
> $1,070,000 0.0
$802,001 - $1,070,000 0.8
$535,001 - $802,000 0.9
$428,001 - $535,000 0.0
$321,001 - $428,000 0.9
$214,001 - $321,000 3.8
$107,001 - $214,000 7.1
$54,001 - $107,000 13.3
$0 - $54,000 73.1

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
99.9238742167828 100.0

Number Of Homes And Apartments:
1,078

Rent & Ownership

 

Average Market Rent:
$598 / per month

Homeownership Rate

Homeownership
Owners 43.86
Renters 56.14
Vacant 30.94

Housing Market Details

 

Age of Homes

AGE OF Cairo HOMES
2000 or Newer 5.6
1970 - 1999 15.4
1940 - 1969 27.8
1939 or Older 51.2

Types of Homes

TYPE OF Cairo HOMES
Single-Family 63.3
Townhomes 0.6
Small Apt. Buildings 9.1
Apt. Complexes 27.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cairo HOMES
No Bedroom 2.75
1 Bedroom 13.71
2 Bedrooms 35.62
3 Bedrooms 37.67
4 Bedrooms 9.87
5 or more bedrooms 0.38

Cairo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
34.41% 1.75% 7 4
* 10 is highest