Charleston, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Charleston Neighborhoods Since 2000




Charleston, 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

Charleston Housing Market Information

With 21,196 people, 7,845 houses or apartments, and a median cost of homes of $90,816, house prices in Charleston are solidly below the national average.

Single-family detached homes are the single most common housing type in Charleston, accounting for 51.50% of the city's housing units. Other types of housing that are prevalent in Charleston include large apartment complexes or high rise apartments ( 24.80%), duplexes, homes converted to apartments or other small apartment buildings ( 16.36%), and a few mobile homes or trailers ( 4.22%).

People in Charleston primarily live in small (one, two or no bedroom) single-family detached homes. Charleston has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Charleston 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 Charleston built between 1940-1969 ( 26.98%). A lesser amount of the housing stock also hails from before 1939 ( 18.50%). There's also some housing in Charleston built between 2000 and later ( 13.40%).

Vacant housing appears to be an issue in Charleston. Fully 10.63% of the housing stock is classified as vacant. Left unchecked, vacant Charleston homes and apartments can be a drag on the real estate market, holding Charleston 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.

Charleston Home Appreciation Rates

Appreciation rates for homes in Charleston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.61%, which ranks in the top 50% nationwide. This equates to an annual average Charleston house appreciation rate of 0.36%.

Over the last year, Charleston appreciation rates have trailed the rest of the nation. In the last twelve months, Charleston's appreciation rate has been -0.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Charleston were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Charleston's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$90,816

Charleston, IL HOME PRICES

Value Range
> $1,006,000 0.8
$754,001 - $1,006,000 0.0
$503,001 - $754,000 0.9
$402,001 - $503,000 0.1
$302,001 - $402,000 2.7
$201,001 - $302,000 9.3
$101,001 - $201,000 39.5
$50,001 - $101,000 34.5
$0 - $50,000 12.1

Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
83.4173209891011 78.9873417721519

Number Of Homes And Apartments:
7,845

Charleston 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
17.28% 0.93% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$784 / per month

Homeownership Rate

Homeownership
Owners 37.09
Renters 62.91
Vacant 10.63

Housing Market Details

 

Age of Homes

AGE OF Charleston HOMES
2000 or Newer 13.4
1970 - 1999 41.1
1940 - 1969 27.0
1939 or Older 18.5

Types of Homes

TYPE OF Charleston HOMES
Single-Family 51.5
Townhomes 3.1
Small Apt. Buildings 16.4
Apt. Complexes 24.8
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Charleston HOMES
No Bedroom 3.38
1 Bedroom 16.46
2 Bedrooms 33.86
3 Bedrooms 34.03
4 Bedrooms 8.20
5 or more bedrooms 4.07

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Zip Codes in Charleston, IL