Crystal Lake, IL Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Crystal Lake, IL Housing Market Trends

With a population of 39,829, 14,661 total housing units (homes and apartments), and a median house value of $272,181, Crystal Lake real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Crystal Lake, accounting for 68.09% of the city's housing units. Other types of housing that are prevalent in Crystal Lake include large apartment complexes or high rise apartments ( 13.76%), row houses and other attached homes ( 9.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.20%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crystal Lake. Owner-occupied housing accounts for 74.93% of Crystal Lake's homes, and 63.96% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Crystal Lake 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 Crystal Lake built between 1940-1969 ( 19.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.30%). There's also some housing in Crystal Lake built before 1939 ( 8.04%).

Crystal Lake Home Appreciation Rates

Crystal Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Crystal Lake during the period has been just 2.62%, which is lower than 70% of US communities.

Over the last year, Crystal Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Crystal Lake's appreciation rate has been 5.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crystal Lake were at 1.89%, which equates to an annual appreciation rate of 7.77%.

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

Relative to Illinois, our data show that Crystal Lake'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 Crystal Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crystal Lake - 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 Crystal Lake real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$272,181

Crystal Lake, IL HOME PRICES

> $1,152,000
0.2%
0.2%
$864,001 - $1,152,000
0.2%
0.2%
$576,001 - $864,000
1.4%
1.4%
$461,001 - $576,000
3.3%
3.3%
$345,001 - $461,000
13.0%
13.0%
$230,001 - $345,000
42.7%
42.7%
$115,001 - $230,000
32.8%
32.8%
$58,001 - $115,000
4.4%
4.4%
$0 - $58,000
1.9%
1.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IL

Value Relative To Nation

Number Of Homes And Apartments:
14,661

Crystal Lake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
26.90% 1.11%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,824 / per month

Homeownership Rate

Owners
74.9%
74.9%
Renters
25.1%
25.1%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.3%
13.3%
1970 - 1999
59.5%
59.5%
1940 - 1969
19.2%
19.2%
1939 or Older
8.0%
8.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.1%
68.1%
Townhomes
9.3%
9.3%
Small Apt. Buildings
7.2%
7.2%
Apt. Complexes
13.8%
13.8%
Mobile Homes
1.6%
1.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
4.7%
4.7%
2 Bedrooms
25.5%
25.5%
3 Bedrooms
32.1%
32.1%
4 Bedrooms
31.8%
31.8%
5 or more bedrooms
4.8%
4.8%
0.0% 100.0%
% OF HOMES