Dixon, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dixon, 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

Dixon Housing Market Information

With a population of 15,319, 5,433 total housing units (homes and apartments), and a median house value of $118,550, house prices in Dixon are solidly below the national average.

Single-family detached homes are the single most common housing type in Dixon, accounting for 72.03% of the city's housing units. Other types of housing that are prevalent in Dixon include large apartment complexes or high rise apartments ( 12.42%), duplexes, homes converted to apartments or other small apartment buildings ( 12.01%), and a few mobile homes or trailers ( 2.18%).

The most prevalent building size and type in Dixon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.01% owning and 43.99% renting.

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. Dixon's housing was primarily built during this period, from the '40s through the '60s. A full 38.73% of the city's housing hails from this era. Other housing ages represented in Dixon include homes built before 1939 ( 33.48%) and housing constructed between 1970-1999 ( 19.88%). There's also some housing in Dixon built between 2000 and later ( 7.90%).

Vacant housing appears to be an issue in Dixon. Fully 11.09% of the housing stock is classified as vacant. Left unchecked, vacant Dixon homes and apartments can be a drag on the real estate market, holding Dixon real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Dixon Home Appreciation Rates

Real estate appreciation rates in Dixon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.26% during the period.

Over the last year, Dixon appreciation rates have trailed the rest of the nation. In the last twelve months, Dixon's appreciation rate has been 2.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dixon were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$118,550

Dixon, IL HOME PRICES

Value Range
> $1,049,000 0.3
$787,001 - $1,049,000 0.0
$525,001 - $787,000 0.4
$420,001 - $525,000 2.9
$315,001 - $420,000 2.7
$210,001 - $315,000 6.7
$105,001 - $210,000 34.2
$52,001 - $105,000 42.4
$0 - $52,000 10.3

Average for IL
Low for Nation

Value Relative to Nation Value Relative to State
66.3541544591586 57.4683544303797

Number Of Homes And Apartments:
5,433

Dixon 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
20.35% 1.08% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$845 / per month

Homeownership Rate

Homeownership
Owners 56.01
Renters 43.99
Vacant 11.09

Housing Market Details

 

Age of Homes

AGE OF Dixon HOMES
2000 or Newer 7.9
1970 - 1999 19.9
1940 - 1969 38.7
1939 or Older 33.5

Types of Homes

TYPE OF Dixon HOMES
Single-Family 72.0
Townhomes 1.4
Small Apt. Buildings 12.0
Apt. Complexes 12.4
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Dixon HOMES
No Bedroom 1.29
1 Bedroom 8.75
2 Bedrooms 32.83
3 Bedrooms 42.81
4 Bedrooms 10.21
5 or more bedrooms 4.11