Dwight, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Dwight Neighborhoods Since 2000




Dwight, 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

Dwight Housing Market Information

With 4,057 people, 1,763 houses or apartments, and a median cost of homes of $130,668, house prices in Dwight are solidly below the national average.

Single-family detached homes are the single most common housing type in Dwight, accounting for 69.95% of the village's housing units. Other types of housing that are prevalent in Dwight include duplexes, homes converted to apartments or other small apartment buildings ( 9.45%), large apartment complexes or high rise apartments ( 7.66%), and a few row houses and other attached homes ( 6.44%).

The most prevalent building size and type in Dwight are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 63.02% owning and 36.98% renting.

There is a lot of housing in Dwight 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 Dwight built between 1940-1969 ( 30.45%). A lesser amount of the housing stock also hails from before 1939 ( 25.24%). There's also some housing in Dwight built between 2000 and later ( 12.37%).

Dwight Home Appreciation Rates

Dwight's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dwight during the period has been just -1.84%, which is lower than 80% of US communities.

Over the last year, Dwight appreciation rates have trailed the rest of the nation. In the last twelve months, Dwight's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dwight were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Dwight's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$130,668

Dwight, IL HOME PRICES

Value Range
> $1,004,000 1.1
$753,001 - $1,004,000 0.0
$502,001 - $753,000 0.0
$402,001 - $502,000 0.0
$301,001 - $402,000 1.5
$201,001 - $301,000 15.1
$100,001 - $201,000 45.9
$50,001 - $100,000 28.0
$0 - $50,000 8.5

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
59.4749794913864 49.1139240506329

Number Of Homes And Apartments:
1,763

Dwight 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
10.56% 0.58% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$859 / per month

Homeownership Rate

Homeownership
Owners 63.02
Renters 36.98
Vacant 9.91

Housing Market Details

 

Age of Homes

AGE OF Dwight HOMES
2000 or Newer 12.4
1970 - 1999 31.9
1940 - 1969 30.5
1939 or Older 25.2

Types of Homes

TYPE OF Dwight HOMES
Single-Family 70.0
Townhomes 6.4
Small Apt. Buildings 9.5
Apt. Complexes 7.7
Mobile Homes 5.3
Other 1.2

Home Size

SIZE OF Dwight HOMES
No Bedroom 2.20
1 Bedroom 4.65
2 Bedrooms 37.40
3 Bedrooms 37.81
4 Bedrooms 15.23
5 or more bedrooms 2.71