Channahon, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Channahon Neighborhoods Since 2000




Channahon, 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

Channahon Housing Market Information

With a population of 12,594, 4,024 total housing units (homes and apartments), and a median house value of $218,926, Channahon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Channahon, accounting for 84.16% of the village's housing units. Other types of housing that are prevalent in Channahon include row houses and other attached homes ( 8.00%), large apartment complexes or high rise apartments ( 3.94%), and a few mobile homes or trailers ( 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 Channahon. Owner-occupied housing accounts for 90.41% of Channahon's homes, and 82.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Channahon 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 Channahon built between 2000 and later ( 39.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.90%). There's also some housing in Channahon built before 1939 ( 2.78%).

Channahon Home Appreciation Rates

Channahon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Channahon during the period has been just -1.65%, which is lower than 80% of US communities.

Appreciation rates are so strong in Channahon that despite a nationwide downturn in the housing market, Channahon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Channahon appreciation rates continue to be some of the highest in America, at 6.41%, which is higher than appreciation rates in 77.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Channahon. Channahon 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 Channahon's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$218,926

Channahon, IL HOME PRICES

Value Range
> $1,148,000 0.4
$860,001 - $1,148,000 0.1
$574,001 - $860,000 1.3
$459,001 - $574,000 1.4
$344,001 - $459,000 8.5
$229,001 - $344,000 29.7
$115,001 - $229,000 50.3
$57,001 - $115,000 4.1
$0 - $57,000 4.2

High for IL
High for Nation

Value Relative to Nation Value Relative to State
27.90343372788 20.379746835443

Number Of Homes And Apartments:
4,024

Channahon 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
15.31% 0.83% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,715 / per month

Homeownership Rate

Homeownership
Owners 90.41
Renters 9.59
Vacant 5.03

Housing Market Details

 

Age of Homes

AGE OF Channahon HOMES
2000 or Newer 39.3
1970 - 1999 47.0
1940 - 1969 10.9
1939 or Older 2.8

Types of Homes

TYPE OF Channahon HOMES
Single-Family 84.2
Townhomes 8.0
Small Apt. Buildings 1.4
Apt. Complexes 3.9
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Channahon HOMES
No Bedroom 0.00
1 Bedroom 1.35
2 Bedrooms 10.72
3 Bedrooms 54.57
4 Bedrooms 27.54
5 or more bedrooms 5.83