Des Plaines IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Des Plaines, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Des Plaines Housing Market Information

With a population of 58,959, 22,036 total housing units (homes and apartments), and a median house value of $285,168, Des Plaines real estate is some of the most expensive in Illinois, although Des Plaines home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Des Plaines, accounting for 56.91% of the city's housing units. Other types of housing that are prevalent in Des Plaines include large apartment complexes or high rise apartments ( 28.62%), row houses and other attached homes ( 6.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.95%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Des Plaines. Owner-occupied housing accounts for 75.03% of Des Plaines's homes, and 54.41% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Des Plaines's housing was primarily built during this period, from the '40s through the '60s. A full 50.58% of the city's housing hails from this era. Other housing ages represented in Des Plaines include homes built between 1970-1999 ( 29.93%) and housing constructed between 2000 and later ( 11.26%). There's also some housing in Des Plaines built before 1939 ( 8.23%).

Des Plaines Home Appreciation Rates

Real estate appreciation rates in Des Plaines's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.82% during the period.

Over the last year, Des Plaines appreciation rates have trailed the rest of the nation. In the last twelve months, Des Plaines's appreciation rate has been 3.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Des Plaines were at 0.92%, which equates to an annual appreciation rate of 3.75%.

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

Average Home Values

 

Median Home Value:
$285,168

Des Plaines, IL HOME PRICES

Value Range
> $1,154,000 0.4
$866,001 - $1,154,000 0.1
$577,001 - $866,000 3.2
$462,001 - $577,000 5.6
$346,001 - $462,000 21.0
$231,001 - $346,000 39.8
$115,001 - $231,000 20.6
$58,001 - $115,000 3.7
$0 - $58,000 5.6

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
23.0423357664234 13.6708860759494

Number Of Homes And Apartments:
22,036

Des Plaines Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
38.19% 1.61%
6
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,420 / per month

Homeownership Rate

Homeownership
Owners 75.03
Renters 24.97
Vacant 4.02

Housing Market Details

 

Age of Homes

AGE OF Des Plaines HOMES
2000 or Newer 11.3
1970 - 1999 29.9
1940 - 1969 50.6
1939 or Older 8.2

Types of Homes

TYPE OF Des Plaines HOMES
Single-Family 56.9
Townhomes 6.6
Small Apt. Buildings 4.9
Apt. Complexes 28.6
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Des Plaines HOMES
No Bedroom 3.52
1 Bedroom 10.64
2 Bedrooms 28.95
3 Bedrooms 40.19
4 Bedrooms 14.22
5 or more bedrooms 2.48