East St. Louis, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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East St. Louis, 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 Q2 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

East St. Louis Housing Market Information

With a population of 26,790, 10,480 total housing units (homes and apartments), and a median house value of $62,189, 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 59.49% 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 ( 23.93%), duplexes, homes converted to apartments or other small apartment buildings ( 14.82%), and a few mobile homes or trailers ( 1.03%).

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 50.23% of the city's housing hails from this era. Other housing ages represented in East St. Louis include homes built before 1939 ( 25.96%) and housing constructed between 1970-1999 ( 15.55%). There's also some housing in East St. Louis built between 2000 and later ( 8.26%).

Vacant housing appears to be an issue in East St. Louis. Fully 19.72% 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.

East St. Louis Home Appreciation Rates

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 -0.18% during the period.

NeighborhoodScout's data show that during the latest twelve months, East St. Louis's appreciation rate, at 3.83%, has been at or slightly above the national average. In the latest quarter, East St. Louis's appreciation rate has been 1.66%, which annualizes to a rate of 6.80%.

Relative to Illinois, our data show that East St. Louis'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 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.

Average Home Values

 

Median Home Value:
$62,189

East St. Louis, IL HOME PRICES

Value Range
> $1,112,000 0.2
$834,001 - $1,112,000 0.0
$556,001 - $834,000 0.0
$445,001 - $556,000 0.1
$334,001 - $445,000 1.0
$223,001 - $334,000 3.1
$111,001 - $223,000 9.5
$56,001 - $111,000 42.5
$0 - $56,000 43.7

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
97.6813630774636 97.3417721518987

Number Of Homes And Apartments:
10,480

East St. Louis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
41.26% 1.99% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$911 / per month

Homeownership Rate

Homeownership
Owners 43.40
Renters 56.60
Vacant 19.72

Housing Market Details

 

Age of Homes

AGE OF East St. Louis HOMES
2000 or Newer 8.3
1970 - 1999 15.5
1940 - 1969 50.2
1939 or Older 26.0

Types of Homes

TYPE OF East St. Louis HOMES
Single-Family 59.5
Townhomes 0.7
Small Apt. Buildings 14.8
Apt. Complexes 23.9
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF East St. Louis HOMES
No Bedroom 2.46
1 Bedroom 15.08
2 Bedrooms 33.79
3 Bedrooms 34.55
4 Bedrooms 11.23
5 or more bedrooms 2.89