Collinsville, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Collinsville Neighborhoods Since 2000




Collinsville, 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

Collinsville Housing Market Information

With a population of 24,754, 10,626 total housing units (homes and apartments), and a median house value of $121,185, house prices in Collinsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Collinsville, accounting for 66.07% of the city's housing units. Other types of housing that are prevalent in Collinsville include duplexes, homes converted to apartments or other small apartment buildings ( 14.21%), large apartment complexes or high rise apartments ( 13.28%), and a few row houses and other attached homes ( 3.78%).

The most prevalent building size and type in Collinsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.96% owning and 39.04% renting.

There is a lot of housing in Collinsville 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 Collinsville built between 1940-1969 ( 35.23%). A lesser amount of the housing stock also hails from before 1939 ( 15.80%). There's also some housing in Collinsville built between 2000 and later ( 12.06%).

Collinsville Home Appreciation Rates

Collinsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Collinsville during the period has been just -0.92%, which is lower than 70% of US communities.

Over the last year, Collinsville appreciation rates have trailed the rest of the nation. In the last twelve months, Collinsville's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Collinsville were at 1.03%, which equates to an annual appreciation rate of 4.19%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Collinsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Collinsville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Collinsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$121,185

Collinsville, IL HOME PRICES

Value Range
> $1,034,000 0.3
$775,001 - $1,034,000 0.1
$517,001 - $775,000 0.1
$413,001 - $517,000 0.3
$310,001 - $413,000 2.7
$207,001 - $310,000 10.3
$103,001 - $207,000 55.3
$52,001 - $103,000 22.8
$0 - $52,000 8.1

Average for IL
Low for Nation

Value Relative to Nation Value Relative to State
64.7076057658502 55.8227848101266

Number Of Homes And Apartments:
10,626

Collinsville 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
22.98% 1.21% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,027 / per month

Homeownership Rate

Homeownership
Owners 60.96
Renters 39.04
Vacant 9.83

Housing Market Details

 

Age of Homes

AGE OF Collinsville HOMES
2000 or Newer 12.1
1970 - 1999 36.9
1940 - 1969 35.2
1939 or Older 15.8

Types of Homes

TYPE OF Collinsville HOMES
Single-Family 66.1
Townhomes 3.8
Small Apt. Buildings 14.2
Apt. Complexes 13.3
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Collinsville HOMES
No Bedroom 0.63
1 Bedroom 12.75
2 Bedrooms 34.53
3 Bedrooms 38.32
4 Bedrooms 12.10
5 or more bedrooms 1.67