Channahon, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Channahon, IL Real Estate Data


Channahon Housing Market Information

With a population of 12,594, 3,803 total housing units (homes and apartments), and a median house value of $213,854, 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 82.95% of the village's housing units. Other types of housing that are prevalent in Channahon include row houses and other attached homes ( 9.52%), large apartment complexes or high rise apartments ( 4.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.59%).

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 88.54% of Channahon's homes, and 83.26% 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 ( 39.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.73%). There's also some housing in Channahon built before 1939 ( 2.98%).

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 -1.91%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Channahon's appreciation rate, at 4.78%, has been at or slightly above the national average. In the latest quarter, Channahon's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that Channahon's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$213,854

Channahon, IL HOME PRICES

Value Range
> $1,116,000 0.2
$838,001 - $1,116,000 0.2
$558,001 - $838,000 1.2
$446,001 - $558,000 2.3
$335,001 - $446,000 7.8
$223,001 - $335,000 31.3
$112,001 - $223,000 50.2
$56,001 - $112,000 3.4
$0 - $56,000 3.4

High for IL
High for Nation

Value Relative to Nation Value Relative to State
29.853018680096 22.5316455696203

Number Of Homes And Apartments:
3,803

Rent & Ownership

 

Average Market Rent:
$1,371 / per month

Homeownership Rate

Homeownership
Owners 88.54
Renters 11.46
Vacant 3.96

Housing Market Details

 

Age of Homes

AGE OF Channahon HOMES
2000 or Newer 39.1
1970 - 1999 47.2
1940 - 1969 10.7
1939 or Older 3.0

Types of Homes

TYPE OF Channahon HOMES
Single-Family 83.0
Townhomes 9.5
Small Apt. Buildings 1.6
Apt. Complexes 4.9
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Channahon HOMES
No Bedroom 0.00
1 Bedroom 0.91
2 Bedrooms 12.22
3 Bedrooms 54.12
4 Bedrooms 29.14
5 or more bedrooms 3.61

Channahon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
12.08% 0.67% 3 1
* 10 is highest