Carterville, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Carterville Neighborhoods Since 2000




Carterville, 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

Carterville Housing Market Information

With a population of 5,818, 2,184 total housing units (homes and apartments), and a median house value of $114,123, 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 73.97% 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 ( 16.55%), mobile homes or trailers ( 5.50%), and a few large apartment complexes or high rise apartments ( 2.01%).

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 73.99% of Carterville's homes, and 62.07% 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 ( 22.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.20%). There's also some housing in Carterville built before 1939 ( 11.69%).

Vacant housing appears to be an issue in Carterville. Fully 12.25% of the housing stock is classified as vacant. Left unchecked, vacant Carterville homes and apartments can be a drag on the real estate market, holding Carterville 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.

Carterville Home Appreciation Rates

Real estate appreciation rates in Carterville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.01% during the period.

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 -0.12%, 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 -2.01%, which equates to an annual appreciation rate of -7.80%.

Notably, Carterville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Carterville's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$114,123

Carterville, IL HOME PRICES

Value Range
> $979,000 0.2
$734,001 - $979,000 0.0
$489,001 - $734,000 1.7
$392,001 - $489,000 2.3
$294,001 - $392,000 4.4
$195,001 - $294,000 9.4
$98,001 - $195,000 42.2
$49,001 - $98,000 25.8
$0 - $49,000 13.9

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
68.8327669049572 61.3924050632911

Number Of Homes And Apartments:
2,184

Carterville 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
24.49% 1.28% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$690 / per month

Homeownership Rate

Homeownership
Owners 73.99
Renters 26.01
Vacant 12.25

Housing Market Details

 

Age of Homes

AGE OF Carterville HOMES
2000 or Newer 22.3
1970 - 1999 46.8
1940 - 1969 19.2
1939 or Older 11.7

Types of Homes

TYPE OF Carterville HOMES
Single-Family 74.0
Townhomes 2.0
Small Apt. Buildings 16.6
Apt. Complexes 2.0
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Carterville HOMES
No Bedroom 4.86
1 Bedroom 1.89
2 Bedrooms 28.28
3 Bedrooms 44.07
4 Bedrooms 18.00
5 or more bedrooms 2.89

Popular Neighborhoods in Carterville

Zip Codes in Carterville, IL