Dolton, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dolton, 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

Dolton Housing Market Information

With a population of 23,197, 7,832 total housing units (homes and apartments), and a median house value of $93,442, house prices in Dolton are solidly below the national average.

Single-family detached homes are the single most common housing type in Dolton, accounting for 80.02% of the village's housing units. Other types of housing that are prevalent in Dolton include duplexes, homes converted to apartments or other small apartment buildings ( 9.87%), large apartment complexes or high rise apartments ( 8.28%), and a few row houses and other attached homes ( 1.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dolton. Owner-occupied housing accounts for 66.65% of Dolton's homes, and 67.13% 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. Dolton's housing was primarily built during this period, from the '40s through the '60s. A full 60.65% of the village's housing hails from this era. Other housing ages represented in Dolton include homes built between 1970-1999 ( 32.54%) and housing constructed before 1939 ( 5.11%). There's also some housing in Dolton built between 2000 and later ( 1.70%).

Vacant housing appears to be an issue in Dolton. Fully 12.44% of the housing stock is classified as vacant. Left unchecked, vacant Dolton homes and apartments can be a drag on the real estate market, holding Dolton 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.

Dolton Home Appreciation Rates

Homes have actually lost value in Dolton over the last then years, as home values have seen a decline of 32.69% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Dolton 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, Dolton's appreciation rate, at 3.37%, has been at or slightly above the national average. In the latest quarter, Dolton's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$93,442

Dolton, IL HOME PRICES

Value Range
> $1,040,000 0.2
$780,001 - $1,040,000 0.3
$520,001 - $780,000 0.1
$416,001 - $520,000 0.4
$312,001 - $416,000 0.5
$208,001 - $312,000 4.1
$104,001 - $208,000 38.8
$52,001 - $104,000 45.4
$0 - $52,000 10.2

Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
81.7414742763389 76.5822784810127

Number Of Homes And Apartments:
7,832

Dolton 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
-3.50% -0.21% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,498 / per month

Homeownership Rate

Homeownership
Owners 66.65
Renters 33.35
Vacant 12.44

Housing Market Details

 

Age of Homes

AGE OF Dolton HOMES
2000 or Newer 1.7
1970 - 1999 32.5
1940 - 1969 60.6
1939 or Older 5.1

Types of Homes

TYPE OF Dolton HOMES
Single-Family 80.0
Townhomes 1.2
Small Apt. Buildings 9.9
Apt. Complexes 8.3
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Dolton HOMES
No Bedroom 1.33
1 Bedroom 3.01
2 Bedrooms 24.64
3 Bedrooms 56.99
4 Bedrooms 10.14
5 or more bedrooms 3.89