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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 26,922 people, 10,671 houses or apartments, and a median cost of homes of $65,486, house prices in East St. Louis are some of the most affordable in Illinois as well as the nation.
Single-family detached homes are the single most common housing type in East St. Louis, accounting for 58.64% of the city's housing units. Other types of housing that are prevalent in East St. Louis include large apartment complexes or high rise apartments ( 24.49%), duplexes, homes converted to apartments or other small apartment buildings ( 15.38%).
People in East St. Louis primarily live in small (one, two or no bedroom) single-family detached homes. East St. Louis has a mixture of owner-occupied and renter-occupied housing.
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. East St. Louis's housing was primarily built during this period, from the '40s through the '60s. A full 54.29% of the city's housing hails from this era. Other housing ages represented in East St. Louis include homes built before 1939 ( 22.06%) and housing constructed between 1970-1999 ( 14.69%). There's also some housing in East St. Louis built between 2000 and later ( 8.96%).
Vacant housing appears to be an issue in East St. Louis. Fully 19.50% of the housing stock is classified as vacant. Left unchecked, vacant East St. Louis homes and apartments can be a drag on the real estate market, holding East St. Louis 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.
Real estate appreciation rates in East St. Louis's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.44% during the period.
NeighborhoodScout's data show that during the latest twelve months, East St. Louis's appreciation rate, at 4.50%, has been at or slightly above the national average. In the latest quarter, East St. Louis's appreciation rate has been 1.72%, which annualizes to a rate of 7.06%.
Relative to Illinois, our data show that East St. Louis's latest annual appreciation rate is higher 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 East St. Louis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East St. Louis - 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 East St. Louis real estate investment or home purchase decisions.
|$876,001 - $1,168,000||0.0|
|$584,001 - $876,000||0.4|
|$467,001 - $584,000||0.4|
|$350,001 - $467,000||0.8|
|$233,001 - $350,000||2.0|
|$117,001 - $233,000||11.5|
|$58,001 - $117,000||37.5|
|$0 - $58,000||45.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
2000 Q1 - 2018 Q2
|* 10 is highest|
|AGE OF East St. Louis HOMES|
|2000 or Newer||9.0|
|1970 - 1999||14.7|
|1940 - 1969||54.3|
|1939 or Older||22.1|
|TYPE OF East St. Louis HOMES|
|Small Apt. Buildings||15.4|
|SIZE OF East St. Louis HOMES|
|5 or more bedrooms||3.09|