Carpentersville, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Carpentersville Neighborhoods Since 2000




Carpentersville, 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

Carpentersville Housing Market Information

With 38,512 people, 10,893 houses or apartments, and a median cost of homes of $158,507, Carpentersville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Carpentersville, accounting for 66.70% of the village's housing units. Other types of housing that are prevalent in Carpentersville include row houses and other attached homes ( 16.23%), large apartment complexes or high rise apartments ( 12.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carpentersville. Owner-occupied housing accounts for 70.55% of Carpentersville's homes, and 63.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Carpentersville 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 Carpentersville built between 1940-1969 ( 34.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.31%). There's also some housing in Carpentersville built before 1939 ( 3.09%).

Carpentersville Home Appreciation Rates

Homes have actually lost value in Carpentersville over the last then years, as home values have seen a decline of 26.28% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Carpentersville home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Carpentersville that despite a nationwide downturn in the housing market, Carpentersville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carpentersville appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 78.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carpentersville. Carpentersville appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Carpentersville'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 Carpentersville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carpentersville - 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 Carpentersville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$158,507

Carpentersville, IL HOME PRICES

Value Range
> $1,182,000 0.5
$886,001 - $1,182,000 0.4
$591,001 - $886,000 0.4
$473,001 - $591,000 1.7
$355,001 - $473,000 7.5
$236,001 - $355,000 19.7
$119,001 - $236,000 44.0
$59,001 - $119,000 23.0
$0 - $59,000 2.6

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
46.3611859838275 38.6075949367089

Number Of Homes And Apartments:
10,893

Carpentersville 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
7.01% 0.39% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,442 / per month

Homeownership Rate

Homeownership
Owners 70.55
Renters 29.45
Vacant 7.98

Housing Market Details

 

Age of Homes

AGE OF Carpentersville HOMES
2000 or Newer 24.3
1970 - 1999 38.1
1940 - 1969 34.5
1939 or Older 3.1

Types of Homes

TYPE OF Carpentersville HOMES
Single-Family 66.7
Townhomes 16.2
Small Apt. Buildings 4.4
Apt. Complexes 12.1
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Carpentersville HOMES
No Bedroom 0.19
1 Bedroom 5.49
2 Bedrooms 26.83
3 Bedrooms 43.26
4 Bedrooms 20.12
5 or more bedrooms 4.11