Darien, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Darien Neighborhoods Since 2000




Darien, 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

Darien Housing Market Information

With 22,256 people, 9,121 houses or apartments, and a median cost of homes of $328,105, Darien house prices are not only among the most expensive in Illinois, Darien real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Darien, accounting for 60.57% of the city's housing units. Other types of housing that are prevalent in Darien include large apartment complexes or high rise apartments ( 20.55%), row houses and other attached homes ( 15.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Darien. Owner-occupied housing accounts for 81.49% of Darien's homes, and 64.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Darien 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 Darien built between 1940-1969 ( 24.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.08%). There's also some housing in Darien built before 1939 ( 1.50%).

Darien Home Appreciation Rates

Darien's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Darien during the period has been just -1.67%, which is lower than 80% of US communities.

Over the last year, Darien appreciation rates have trailed the rest of the nation. In the last twelve months, Darien's appreciation rate has been 1.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Darien were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Darien's latest annual appreciation rate is lower 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 Darien differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Darien - 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 Darien real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$328,105

Darien, IL HOME PRICES

Value Range
> $1,102,000 0.4
$826,001 - $1,102,000 0.8
$551,001 - $826,000 9.5
$441,001 - $551,000 10.0
$331,001 - $441,000 28.8
$220,001 - $331,000 29.2
$110,001 - $220,000 15.3
$55,001 - $110,000 2.5
$0 - $55,000 3.5

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
13.8696824094691 8.22784810126582

Number Of Homes And Apartments:
9,121

Darien 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
30.52% 1.56% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,414 / per month

Homeownership Rate

Homeownership
Owners 81.49
Renters 18.51
Vacant 4.17

Housing Market Details

 

Age of Homes

AGE OF Darien HOMES
2000 or Newer 6.1
1970 - 1999 68.2
1940 - 1969 24.2
1939 or Older 1.5

Types of Homes

TYPE OF Darien HOMES
Single-Family 60.6
Townhomes 15.8
Small Apt. Buildings 2.9
Apt. Complexes 20.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Darien HOMES
No Bedroom 0.59
1 Bedroom 6.93
2 Bedrooms 24.51
3 Bedrooms 40.63
4 Bedrooms 23.84
5 or more bedrooms 3.50