Crestwood, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Crestwood Neighborhoods Since 2000




Crestwood, 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

Crestwood Housing Market Information

With 10,984 people, 4,789 houses or apartments, and a median cost of homes of $197,334, Crestwood real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Crestwood, accounting for 51.63% of the village's housing units. Other types of housing that are prevalent in Crestwood include single-family detached homes ( 41.13%), duplexes, homes converted to apartments or other small apartment buildings ( 3.96%), and a few row houses and other attached homes ( 2.28%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.

Dwellings in Crestwood tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 60.14% of the homes in Crestwood have two or fewer bedrooms.

There is a lot of housing in Crestwood 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 Crestwood built between 1940-1969 ( 33.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.53%). There's also some housing in Crestwood built before 1939 ( 3.86%).

Crestwood Home Appreciation Rates

Homes have actually lost value in Crestwood over the last then years, as home values have seen a decline of 29.16% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Crestwood home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Crestwood's appreciation rate, at 3.22%, has been at or slightly above the national average. In the latest quarter, Crestwood's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$197,334

Crestwood, IL HOME PRICES

Value Range
> $1,069,000 0.8
$802,001 - $1,069,000 0.7
$534,001 - $802,000 1.1
$427,001 - $534,000 3.9
$321,001 - $427,000 12.0
$214,001 - $321,000 20.5
$107,001 - $214,000 35.8
$54,001 - $107,000 21.4
$0 - $54,000 3.8

High for IL
High for Nation

Value Relative to Nation Value Relative to State
32.9133950544943 25.8227848101266

Number Of Homes And Apartments:
4,789

Crestwood 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
2.41% 0.14% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,073 / per month

Homeownership Rate

Homeownership
Owners 72.66
Renters 27.34
Vacant 8.94

Housing Market Details

 

Age of Homes

AGE OF Crestwood HOMES
2000 or Newer 7.5
1970 - 1999 55.4
1940 - 1969 33.2
1939 or Older 3.9

Types of Homes

TYPE OF Crestwood HOMES
Single-Family 41.1
Townhomes 2.3
Small Apt. Buildings 4.0
Apt. Complexes 51.6
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Crestwood HOMES
No Bedroom 1.83
1 Bedroom 12.82
2 Bedrooms 45.50
3 Bedrooms 25.86
4 Bedrooms 10.17
5 or more bedrooms 3.82