Country Club Hills, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Country Club Hills, IL Real Estate Data


Country Club Hills Housing Market Information

With a population of 16,795, 5,726 total housing units (homes and apartments), and a median house value of $138,437, house prices in Country Club Hills are solidly below the national average.

Single-family detached homes are the single most common housing type in Country Club Hills, accounting for 75.80% of the city's housing units. Other types of housing that are prevalent in Country Club Hills include large apartment complexes or high rise apartments ( 9.20%), row houses and other attached homes ( 8.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Country Club Hills. Owner-occupied housing accounts for 75.02% of Country Club Hills's homes, and 71.16% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Country Club Hills 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 Country Club Hills built between 1940-1969 ( 35.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.40%). There's also some housing in Country Club Hills built before 1939 ( 1.24%).

Vacant housing appears to be an issue in Country Club Hills. Fully 12.03% of the housing stock is classified as vacant. Left unchecked, vacant Country Club Hills homes and apartments can be a drag on the real estate market, holding Country Club Hills 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.

Country Club Hills Home Appreciation Rates

Homes have actually lost value in Country Club Hills over the last then years, as home values have seen a decline of 30.03% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Country Club Hills home appreciation rates at 0.51%, which equates to an annual appreciation rate of 2.04%.

NeighborhoodScout's data show that during the latest twelve months, Country Club Hills's appreciation rate, at 3.62%, has been at or slightly above the national average. In the latest quarter, Country Club Hills's appreciation rate has been 0.51%, which annualizes to a rate of 2.04%.

Relative to Illinois, our data show that Country Club Hills's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$138,437

Country Club Hills, IL HOME PRICES

Value Range
> $1,047,000 0.0
$785,001 - $1,047,000 0.0
$523,001 - $785,000 0.2
$419,001 - $523,000 0.7
$314,001 - $419,000 3.7
$209,001 - $314,000 13.4
$104,001 - $209,000 57.6
$52,001 - $104,000 16.4
$0 - $52,000 7.7

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
55.3029415211532 46.5822784810127

Number Of Homes And Apartments:
5,726

Rent & Ownership

 

Average Market Rent:
$1,642 / per month

Homeownership Rate

Homeownership
Owners 75.02
Renters 24.98
Vacant 12.03

Housing Market Details

 

Age of Homes

AGE OF Country Club Hills HOMES
2000 or Newer 8.4
1970 - 1999 54.9
1940 - 1969 35.5
1939 or Older 1.2

Types of Homes

TYPE OF Country Club Hills HOMES
Single-Family 75.8
Townhomes 8.8
Small Apt. Buildings 6.0
Apt. Complexes 9.2
Mobile Homes 0.0
Other 0.2

Home Size

SIZE OF Country Club Hills HOMES
No Bedroom 1.92
1 Bedroom 2.34
2 Bedrooms 18.76
3 Bedrooms 44.37
4 Bedrooms 26.79
5 or more bedrooms 5.82

Country Club Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
-1.87% -0.11% 1 1
* 10 is highest

Popular Neighborhoods in Country Club Hills

Zip Codes in Country Club Hills, IL