Carbondale, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Carbondale Neighborhoods Since 2000




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 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

Carbondale Housing Market Information

With 26,379 people, 9,724 houses or apartments, and a median cost of homes of $107,071, 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 41.60% of the city's housing units. Other types of housing that are prevalent in Carbondale include single-family detached homes ( 33.75%), duplexes, homes converted to apartments or other small apartment buildings ( 16.19%), and a few mobile homes or trailers ( 7.09%). 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. 76.91% 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 ( 29.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.64%). There's also some housing in Carbondale built before 1939 ( 7.86%).

Vacant housing appears to be an issue in Carbondale. Fully 22.57% 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

Real estate appreciation rates in Carbondale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.45% during the period.

NeighborhoodScout's data show that during the latest twelve months, Carbondale's appreciation rate, at 3.90%, has been at or slightly above the national average. In the latest quarter, Carbondale's appreciation rate has been -2.01%, which annualizes to a rate of -7.80%.

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 higher than 70% 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:
$107,071

Carbondale, IL HOME PRICES

Value Range
> $1,006,000 0.1
$755,001 - $1,006,000 0.0
$503,001 - $755,000 0.0
$402,001 - $503,000 1.6
$302,001 - $402,000 5.5
$201,001 - $302,000 6.8
$101,001 - $201,000 36.9
$50,001 - $101,000 24.0
$0 - $50,000 25.2

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
73.0575413102074 65.8227848101266

Number Of Homes And Apartments:
9,724

Carbondale 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
18.83% 1.01% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$822 / per month

Homeownership Rate

Homeownership
Owners 23.09
Renters 76.91
Vacant 22.57

Housing Market Details

 

Age of Homes

AGE OF Carbondale HOMES
2000 or Newer 16.6
1970 - 1999 45.6
1940 - 1969 29.9
1939 or Older 7.9

Types of Homes

TYPE OF Carbondale HOMES
Single-Family 33.8
Townhomes 1.2
Small Apt. Buildings 16.2
Apt. Complexes 41.6
Mobile Homes 7.1
Other 0.2

Home Size

SIZE OF Carbondale HOMES
No Bedroom 9.22
1 Bedroom 19.74
2 Bedrooms 34.28
3 Bedrooms 26.71
4 Bedrooms 8.50
5 or more bedrooms 1.55