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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Carbondale, IL Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Carbondale, IL Housing Market Trends

With 21,717 people, 10,193 houses or apartments, and a median cost of homes of $168,303, house prices in Carbondale are solidly below the national average.

Large apartment complexes or high rise apartments are the single most common housing type in Carbondale, accounting for 40.31% of the city's housing units. Other types of housing that are prevalent in Carbondale include single-family detached homes ( 30.71%), duplexes, homes converted to apartments or other small apartment buildings ( 20.95%), and a few mobile homes or trailers ( 5.56%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Carbondale is dominated by renter-occupied one, two, or no bedrooms apartments. 77.49% of Carbondale's dwellings are rentals.

There is a lot of housing in Carbondale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Carbondale built between 1940-1969 ( 28.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.04%). There's also some housing in Carbondale built before 1939 ( 6.97%).

Vacant housing appears to be an issue in Carbondale. Fully 20.10% of the housing stock is classified as vacant. Left unchecked, vacant Carbondale homes and apartments can be a drag on the real estate market, holding Carbondale 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.

Carbondale Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Carbondale, where house values have increased just 18.36%, which is annualized rate of 1.70%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Carbondale appreciation rates have trailed the rest of the nation. In the last twelve months, Carbondale's appreciation rate has been -1.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carbondale were at -2.45%, which equates to an annual appreciation rate of -9.45%.

Notably, Carbondale's appreciation rate in the latest quarter is one of the lowest in America.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Carbondale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carbondale - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Carbondale real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$168,303

Carbondale, IL Home Prices
> $1,236,000
$927,001 - $1,236,000
$618,001 - $927,000
$494,001 - $618,000
$371,001 - $494,000
$247,001 - $371,000
$124,001 - $247,000
$62,001 - $124,000
$0 - $62,000
0.3%
0.3%
0.0%
0.0%
0.8%
0.8%
5.3%
5.3%
4.4%
4.4%
12.5%
12.5%
33.9%
33.9%
30.9%
30.9%
11.8%
11.8%
0% 100.0%
% of Homes
Average

for Illinois

Low

for nation

Number of Homes And Apartments:

10,193

Carbondale Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,204 / per month

Homeownership Rate

Owners
Renters
Vacant
22.5%
22.5%
77.5%
77.5%
20.1%
20.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.0%
20.0%
44.9%
44.9%
28.1%
28.1%
7.0%
7.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
30.7%
30.7%
2.5%
2.5%
21.0%
21.0%
40.3%
40.3%
5.6%
5.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
11.4%
11.4%
20.1%
20.1%
31.1%
31.1%
26.1%
26.1%
8.9%
8.9%
2.3%
2.3%
0% 100.0%
% of Homes