Crystal Lake, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Crystal Lake Neighborhoods Since 2000




Crystal Lake, 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

Crystal Lake Housing Market Information

With 40,448 people, 14,487 houses or apartments, and a median cost of homes of $235,734, 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 66.33% of the city's housing units. Other types of housing that are prevalent in Crystal Lake include large apartment complexes or high rise apartments ( 12.51%), row houses and other attached homes ( 11.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.18%).

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 75.22% of Crystal Lake's homes, and 62.54% 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 ( 19.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.32%). There's also some housing in Crystal Lake built before 1939 ( 7.02%).

Crystal Lake Home Appreciation Rates

Homes have actually lost value in Crystal Lake over the last then years, as home values have seen a decline of 23.65% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Crystal Lake 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, Crystal Lake's appreciation rate, at 3.47%, has been at or slightly above the national average. In the latest quarter, Crystal Lake's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Crystal Lake's latest annual appreciation rate is higher than 60% 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:
$235,734

Crystal Lake, IL HOME PRICES

Value Range
> $1,103,000 1.1
$828,001 - $1,103,000 0.4
$552,001 - $828,000 1.2
$441,001 - $552,000 3.3
$331,001 - $441,000 11.6
$221,001 - $331,000 32.8
$110,001 - $221,000 41.4
$55,001 - $110,000 4.9
$0 - $55,000 3.4

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
24.8154224774405 17.0886075949367

Number Of Homes And Apartments:
14,487

Crystal Lake 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
6.81% 0.38% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,626 / per month

Homeownership Rate

Homeownership
Owners 75.22
Renters 24.78
Vacant 5.59

Housing Market Details

 

Age of Homes

AGE OF Crystal Lake HOMES
2000 or Newer 14.3
1970 - 1999 59.1
1940 - 1969 19.6
1939 or Older 7.0

Types of Homes

TYPE OF Crystal Lake HOMES
Single-Family 66.3
Townhomes 11.2
Small Apt. Buildings 8.2
Apt. Complexes 12.5
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Crystal Lake HOMES
No Bedroom 0.85
1 Bedroom 6.71
2 Bedrooms 24.71
3 Bedrooms 32.88
4 Bedrooms 29.66
5 or more bedrooms 5.19