Chillicothe, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chillicothe, 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

Chillicothe Housing Market Information

With a population of 6,226, 2,548 total housing units (homes and apartments), and a median house value of $117,694, house prices in Chillicothe are solidly below the national average.

Single-family detached homes are the single most common housing type in Chillicothe, accounting for 71.26% of the city's housing units. Other types of housing that are prevalent in Chillicothe include duplexes, homes converted to apartments or other small apartment buildings ( 10.45%), large apartment complexes or high rise apartments ( 10.41%), and a few mobile homes or trailers ( 5.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chillicothe. Owner-occupied housing accounts for 67.22% of Chillicothe's homes, and 51.06% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Chillicothe's housing was primarily built during this period, from the '40s through the '60s. A full 48.17% of the city's housing hails from this era. Other housing ages represented in Chillicothe include homes built between 1970-1999 ( 26.80%) and housing constructed before 1939 ( 16.61%). There's also some housing in Chillicothe built between 2000 and later ( 8.43%).

Chillicothe Home Appreciation Rates

Real estate appreciation rates in Chillicothe's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.13% during the period.

Over the last year, Chillicothe appreciation rates have trailed the rest of the nation. In the last twelve months, Chillicothe's appreciation rate has been 0.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chillicothe were at -1.28%, which equates to an annual appreciation rate of -5.02%.

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

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

Average Home Values

 

Median Home Value:
$117,694

Chillicothe, IL HOME PRICES

Value Range
> $1,003,000 0.0
$752,001 - $1,003,000 0.0
$502,001 - $752,000 0.0
$401,001 - $502,000 0.0
$301,001 - $401,000 2.2
$201,001 - $301,000 7.9
$100,001 - $201,000 48.2
$50,001 - $100,000 35.7
$0 - $50,000 6.0

Average for IL
Low for Nation

Value Relative to Nation Value Relative to State
66.8463611859838 58.1012658227848

Number Of Homes And Apartments:
2,548

Chillicothe 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
22.81% 1.20% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$724 / per month

Homeownership Rate

Homeownership
Owners 67.22
Renters 32.78
Vacant 6.60

Housing Market Details

 

Age of Homes

AGE OF Chillicothe HOMES
2000 or Newer 8.4
1970 - 1999 26.8
1940 - 1969 48.2
1939 or Older 16.6

Types of Homes

TYPE OF Chillicothe HOMES
Single-Family 71.3
Townhomes 2.6
Small Apt. Buildings 10.4
Apt. Complexes 10.4
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Chillicothe HOMES
No Bedroom 2.24
1 Bedroom 6.01
2 Bedrooms 38.86
3 Bedrooms 36.33
4 Bedrooms 14.74
5 or more bedrooms 1.83

Popular Neighborhoods in Chillicothe

Zip Codes in Chillicothe, IL