Cary, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cary Neighborhoods Since 2000




Cary, 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

Cary Housing Market Information

With 17,965 people, 6,049 houses or apartments, and a median cost of homes of $252,766, Cary real estate is some of the most expensive in Illinois, although Cary home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Cary, accounting for 74.32% of the village's housing units. Other types of housing that are prevalent in Cary include row houses and other attached homes ( 18.01%), large apartment complexes or high rise apartments ( 5.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cary. Owner-occupied housing accounts for 87.68% of Cary's homes, and 77.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cary 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 Cary built between 2000 and later ( 22.74%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.13%). There's also some housing in Cary built before 1939 ( 4.78%).

Cary Home Appreciation Rates

Homes have actually lost value in Cary over the last then years, as home values have seen a decline of 24.48% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Cary home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Cary appreciation rates have trailed the rest of the nation. In the last twelve months, Cary's appreciation rate has been 2.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cary were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Cary's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$252,766

Cary, IL HOME PRICES

Value Range
> $1,100,000 0.1
$825,001 - $1,100,000 0.5
$550,001 - $825,000 2.3
$440,001 - $550,000 6.5
$330,001 - $440,000 12.2
$220,001 - $330,000 36.2
$110,001 - $220,000 35.3
$55,001 - $110,000 4.2
$0 - $55,000 2.7

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
22.0614086487753 14.8101265822785

Number Of Homes And Apartments:
6,049

Cary 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
4.26% 0.24% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,616 / per month

Homeownership Rate

Homeownership
Owners 87.68
Renters 12.32
Vacant 5.59

Housing Market Details

 

Age of Homes

AGE OF Cary HOMES
2000 or Newer 22.7
1970 - 1999 58.4
1940 - 1969 14.1
1939 or Older 4.8

Types of Homes

TYPE OF Cary HOMES
Single-Family 74.3
Townhomes 18.0
Small Apt. Buildings 2.5
Apt. Complexes 5.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cary HOMES
No Bedroom 0.50
1 Bedroom 2.45
2 Bedrooms 15.25
3 Bedrooms 38.66
4 Bedrooms 38.91
5 or more bedrooms 4.23