Carbondale, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Carbondale Housing Market Information

With 25,083 people, 10,162 houses or apartments, and a median cost of homes of $154,965, 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 38.99% of the city's housing units. Other types of housing that are prevalent in Carbondale include single-family detached homes ( 33.43%), duplexes, homes converted to apartments or other small apartment buildings ( 19.44%), and a few mobile homes or trailers ( 5.34%). 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. 74.66% 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 ( 29.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.93%). There's also some housing in Carbondale built before 1939 ( 8.15%).

Vacant housing appears to be an issue in Carbondale. Fully 22.49% 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

Homes have actually lost value in Carbondale over the last then years, as home values have seen a decline of 4.93% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Carbondale home appreciation rates at 1.74%, which equates to an annual appreciation rate of 7.14%.

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 -0.88%, 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 1.74%, which equates to an annual appreciation rate of 7.14%.

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

 
info

Median Home Value:
$154,965

Carbondale, IL HOME PRICES

> $1,033,000
0.4%
0.4%
$774,001 - $1,033,000
0.2%
0.2%
$516,001 - $774,000
2.1%
2.1%
$413,001 - $516,000
1.8%
1.8%
$309,001 - $413,000
4.0%
4.0%
$206,001 - $309,000
10.7%
10.7%
$103,001 - $206,000
33.3%
33.3%
$52,001 - $103,000
30.3%
30.3%
$0 - $52,000
17.2%
17.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for IL

Value Relative To Nation

Number Of Homes And Apartments:
10,162

Carbondale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
15.48% 0.70%
2
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$853 / per month

Homeownership Rate

Owners
25.3%
25.3%
Renters
74.7%
74.7%
Vacant
22.5%
22.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
18.9%
18.9%
1970 - 1999
43.4%
43.4%
1940 - 1969
29.5%
29.5%
1939 or Older
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
33.4%
33.4%
Townhomes
2.8%
2.8%
Small Apt. Buildings
19.4%
19.4%
Apt. Complexes
39.0%
39.0%
Mobile Homes
5.3%
5.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
7.9%
7.9%
1 Bedroom
19.5%
19.5%
2 Bedrooms
35.7%
35.7%
3 Bedrooms
26.9%
26.9%
4 Bedrooms
8.7%
8.7%
5 or more bedrooms
1.4%
1.4%
0.0% 100.0%
% OF HOMES