Carol Stream, IL


Highest Appreciating Carol Stream Neighborhoods Since 2000

Carol Stream, 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 Q4 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Carol Stream Housing Market Information

With 40,069 people, 14,658 houses or apartments, and a median cost of homes of $271,328, 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 49.10% of the village's housing units. Other types of housing that are prevalent in Carol Stream include large apartment complexes or high rise apartments ( 30.06%), row houses and other attached homes ( 18.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.25%).

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 65.76% of Carol Stream's homes, and 55.24% 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 ( 9.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.18%).

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 -1.43%, which is lower than 80% of US communities.

Appreciation rates are so strong in Carol Stream that despite a nationwide downturn in the housing market, Carol Stream real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carol Stream appreciation rates continue to be some of the highest in America, at 6.85%, which is higher than appreciation rates in 72.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carol Stream. Carol Stream appreciation rates in the latest quarter were at 0.93%, which equates to an annual appreciation rate of 3.78%.

Relative to Illinois, our data show that Carol Stream's latest annual appreciation rate is higher 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 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:

Carol Stream, IL HOME PRICES

Value Range
> $1,175,000 0.4
$881,001 - $1,175,000 0.2
$588,001 - $881,000 3.2
$470,001 - $588,000 3.6
$353,001 - $470,000 14.9
$235,001 - $353,000 37.6
$117,001 - $235,000 34.9
$59,001 - $117,000 2.9
$0 - $59,000 2.2

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
21.0560206052801 13.7974683544304

Number Of Homes And Apartments:

Carol Stream Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
Since 2000:
2000 Q1 - 2017 Q4
24.15% 1.21% 5 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,080 / per month

Homeownership Rate

Owners 65.76
Renters 34.24
Vacant 4.01

Housing Market Details


Age of Homes

AGE OF Carol Stream HOMES
2000 or Newer 5.2
1970 - 1999 84.8
1940 - 1969 9.2
1939 or Older 0.9

Types of Homes

TYPE OF Carol Stream HOMES
Single-Family 49.1
Townhomes 18.4
Small Apt. Buildings 2.3
Apt. Complexes 30.1
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Carol Stream HOMES
No Bedroom 1.13
1 Bedroom 16.12
2 Bedrooms 25.20
3 Bedrooms 34.47
4 Bedrooms 20.77
5 or more bedrooms 2.31