Carlinville, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Carlinville Neighborhoods Since 2000




Carlinville, 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

Carlinville Housing Market Information

With 5,665 people, 2,219 houses or apartments, and a median cost of homes of $89,023, house prices in Carlinville 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 Carlinville, accounting for 73.13% of the city's housing units. Other types of housing that are prevalent in Carlinville include large apartment complexes or high rise apartments ( 11.44%), mobile homes or trailers ( 8.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.80%).

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

The housing in Carlinville was primarily built before 1939 ( 37.74%), making the housing stock in Carlinville some of the oldest overall in America, although there is a range of ages of homes in Carlinville. The next most important housing age is between 1970-1999 ( 30.47%), followed by between 1940-1969 ( 26.83%). There's also some housing in Carlinville built between 2000 and later ( 4.96%).

Vacant housing appears to be an issue in Carlinville. Fully 15.92% of the housing stock is classified as vacant. Left unchecked, vacant Carlinville homes and apartments can be a drag on the real estate market, holding Carlinville 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.

Carlinville Home Appreciation Rates

Appreciation rates for homes in Carlinville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.12%, which ranks in the top 50% nationwide. This equates to an annual average Carlinville house appreciation rate of 0.31%.

Over the last year, Carlinville appreciation rates have trailed the rest of the nation. In the last twelve months, Carlinville's appreciation rate has been -2.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carlinville were at 1.03%, which equates to an annual appreciation rate of 4.19%.

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

Average Home Values

 

Median Home Value:
$89,023

Carlinville, IL HOME PRICES

Value Range
> $1,007,000 0.0
$755,001 - $1,007,000 0.0
$504,001 - $755,000 0.1
$403,001 - $504,000 0.4
$302,001 - $403,000 1.4
$201,001 - $302,000 6.4
$101,001 - $201,000 26.8
$50,001 - $101,000 55.3
$0 - $50,000 9.5

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
84.6419782022735 80.126582278481

Number Of Homes And Apartments:
2,219

Carlinville 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
22.77% 1.20% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$813 / per month

Homeownership Rate

Homeownership
Owners 57.50
Renters 42.50
Vacant 15.92

Housing Market Details

 

Age of Homes

AGE OF Carlinville HOMES
2000 or Newer 5.0
1970 - 1999 30.5
1940 - 1969 26.8
1939 or Older 37.7

Types of Homes

TYPE OF Carlinville HOMES
Single-Family 73.1
Townhomes 1.1
Small Apt. Buildings 5.8
Apt. Complexes 11.4
Mobile Homes 8.5
Other 0.0

Home Size

SIZE OF Carlinville HOMES
No Bedroom 0.00
1 Bedroom 16.79
2 Bedrooms 33.54
3 Bedrooms 34.44
4 Bedrooms 13.38
5 or more bedrooms 1.86