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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.



Carol Stream, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Carol Stream, IL Housing Market Trends

With a population of 39,044, 14,428 total housing units (homes and apartments), and a median house value of $375,743, Carol Stream real estate is some of the most expensive in Illinois, although Carol Stream home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Carol Stream, accounting for 49.56% of the village's housing units. Other types of housing that are prevalent in Carol Stream include large apartment complexes or high rise apartments ( 30.33%), row houses and other attached homes ( 16.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carol Stream. Owner-occupied housing accounts for 67.01% of Carol Stream's homes, and 55.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Carol Stream 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 Carol Stream built between 1940-1969 ( 13.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.72%). There's also some housing in Carol Stream built before 1939 ( 1.32%).

Carol Stream Home Appreciation Rates

Carol Stream's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Carol Stream during the period has been just 5.14%, which is lower than 70% of US communities.

Over the last year, Carol Stream appreciation rates have trailed the rest of the nation. In the last twelve months, Carol Stream's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carol Stream were at 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to Illinois, our data show that Carol Stream's latest annual appreciation rate is lower than 50% 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 village. Individual neighborhoods within Carol Stream differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carol Stream - 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 Carol Stream real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$375,743

Carol Stream, IL Home Prices
> $1,211,000
$908,001 - $1,211,000
$606,001 - $908,000
$484,001 - $606,000
$363,001 - $484,000
$242,001 - $363,000
$121,001 - $242,000
$61,001 - $121,000
$0 - $61,000
0.0%
0.0%
0.7%
0.7%
6.7%
6.7%
9.7%
9.7%
30.2%
30.2%
35.7%
35.7%
13.9%
13.9%
1.3%
1.3%
1.9%
1.9%
0% 100.0%
% of Homes
Very High

for Illinois

High

for nation

Number of Homes And Apartments:

14,428

Carol Stream Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,908 / per month

Homeownership Rate

Owners
Renters
67.0%
67.0%
33.0%
33.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.6%
2.6%
97.4%
97.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.7%
8.7%
76.8%
76.8%
13.2%
13.2%
1.3%
1.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.6%
49.6%
16.6%
16.6%
3.5%
3.5%
30.3%
30.3%
0.1%
0.1%
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
1.9%
1.9%
11.9%
11.9%
28.8%
28.8%
31.3%
31.3%
23.9%
23.9%
2.2%
2.2%
0% 100.0%
% of Homes