Coal City, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Coal City Neighborhoods Since 2000




Coal City, 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

Coal City Housing Market Information

With a population of 5,489, 2,138 total housing units (homes and apartments), and a median house value of $201,044, Coal City real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Coal City, accounting for 71.98% of the village's housing units. Other types of housing that are prevalent in Coal City include row houses and other attached homes ( 12.49%), duplexes, homes converted to apartments or other small apartment buildings ( 9.90%), and a few large apartment complexes or high rise apartments ( 5.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coal City. Owner-occupied housing accounts for 75.07% of Coal City's homes, and 68.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Coal City 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 Coal City built between 1940-1969 ( 26.11%). A lesser amount of the housing stock also hails from before 1939 ( 15.58%). There's also some housing in Coal City built between 2000 and later ( 15.03%).

Coal City Home Appreciation Rates

Coal City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Coal City during the period has been just -0.86%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Coal City's appreciation rate, at 4.73%, has been at or slightly above the national average. In the latest quarter, Coal City's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$201,044

Coal City, IL HOME PRICES

Value Range
> $1,087,000 0.8
$815,001 - $1,087,000 2.6
$543,001 - $815,000 0.8
$434,001 - $543,000 1.4
$326,001 - $434,000 5.8
$217,001 - $326,000 32.3
$108,001 - $217,000 47.9
$54,001 - $108,000 5.7
$0 - $54,000 2.7

High for IL
High for Nation

Value Relative to Nation Value Relative to State
31.9817180358608 24.1772151898734

Number Of Homes And Apartments:
2,138

Coal City 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
30.44% 1.55% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,230 / per month

Homeownership Rate

Homeownership
Owners 75.07
Renters 24.93
Vacant 2.91

Housing Market Details

 

Age of Homes

AGE OF Coal City HOMES
2000 or Newer 15.0
1970 - 1999 43.3
1940 - 1969 26.1
1939 or Older 15.6

Types of Homes

TYPE OF Coal City HOMES
Single-Family 72.0
Townhomes 12.5
Small Apt. Buildings 9.9
Apt. Complexes 5.1
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Coal City HOMES
No Bedroom 0.00
1 Bedroom 7.13
2 Bedrooms 23.66
3 Bedrooms 52.50
4 Bedrooms 15.94
5 or more bedrooms 0.77

Popular Neighborhoods in Coal City

Zip Codes in Coal City, IL