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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 5,815, 2,545 total housing units (homes and apartments), and a median house value of $170,956, house prices in Carterville are solidly below the national average.
Single-family detached homes are the single most common housing type in Carterville, accounting for 71.08% of the city's housing units. Other types of housing that are prevalent in Carterville include duplexes, homes converted to apartments or other small apartment buildings ( 18.90%), large apartment complexes or high rise apartments ( 5.91%), and a few mobile homes or trailers ( 3.27%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carterville. Owner-occupied housing accounts for 70.73% of Carterville's homes, and 66.84% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Carterville 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 Carterville built between 2000 and later ( 26.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.11%). There's also some housing in Carterville built before 1939 ( 9.33%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Carterville, where house values have increased just 35.16%, which is annualized rate of 3.06%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Carterville appreciation rates have trailed the rest of the nation. In the last twelve months, Carterville's appreciation rate has been 2.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carterville were at 2.64%, which equates to an annual appreciation rate of 10.98%.
Importantly, this makes Carterville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Illinois, our data show that Carterville's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.
$170,956
for Illinois
for nation
2,545
$1,323 / per month