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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,467 people, 1,154 houses or apartments, and a median cost of homes of $25,119, 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 68.90% of the city's housing units. Other types of housing that are prevalent in Cairo include large apartment complexes or high rise apartments ( 22.83%), duplexes, homes converted to apartments or other small apartment buildings ( 7.51%).
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 ( 53.93%), 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 ( 29.02%), followed by between 1970-1999 ( 11.68%). There's also some housing in Cairo built between 2000 and later ( 5.38%).
Vacant housing appears to be an issue in Cairo. Fully 33.29% 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.
Homes have actually lost value in Cairo over the last then years, as home values have seen a decline of 21.03% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cairo home appreciation rates at -1.39%, which equates to an annual appreciation rate of -5.45%.
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 -4.36%, 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 -1.39%, which equates to an annual appreciation rate of -5.45%.
Notably, Cairo's appreciation rate in the latest quarter is one of the lowest in America.
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.
|$727,001 - $969,000||1.5|
|$484,001 - $727,000||0.0|
|$388,001 - $484,000||0.0|
|$291,001 - $388,000||1.0|
|$194,001 - $291,000||3.9|
|$97,001 - $194,000||9.3|
|$49,001 - $97,000||10.3|
|$0 - $49,000||74.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cairo HOMES|
|2000 or Newer||5.4|
|1970 - 1999||11.7|
|1940 - 1969||29.0|
|1939 or Older||53.9|
|TYPE OF Cairo HOMES|
|Small Apt. Buildings||7.5|
|SIZE OF Cairo HOMES|
|5 or more bedrooms||0.00|