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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Effingham, IL Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Effingham, IL Housing Market Trends

With a population of 12,209, 5,140 total housing units (homes and apartments), and a median house value of $205,106, house prices in Effingham are solidly below the national average.

Single-family detached homes are the single most common housing type in Effingham, accounting for 65.51% of the city's housing units. Other types of housing that are prevalent in Effingham include large apartment complexes or high rise apartments ( 15.33%), duplexes, homes converted to apartments or other small apartment buildings ( 13.06%), and a few mobile homes or trailers ( 4.53%).

The most prevalent building size and type in Effingham are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.61% owning and 38.39% renting.

There is a lot of housing in Effingham 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 Effingham built between 1940-1969 ( 29.70%). A lesser amount of the housing stock also hails from before 1939 ( 13.33%). There's also some housing in Effingham built between 2000 and later ( 9.19%).

Effingham Home Appreciation Rates

Effingham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Effingham during the period has been just 4.26%, which is lower than 80% of US communities.

Over the last year, Effingham appreciation rates have trailed the rest of the nation. In the last twelve months, Effingham's appreciation rate has been 4.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Effingham were at 1.05%, which equates to an annual appreciation rate of 4.25%.

Relative to Illinois, our data show that Effingham's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$205,106

Effingham, IL Home Prices
> $1,260,000
$945,001 - $1,260,000
$630,001 - $945,000
$504,001 - $630,000
$378,001 - $504,000
$252,001 - $378,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
0.2%
0.2%
0.7%
0.7%
2.1%
2.1%
1.6%
1.6%
5.2%
5.2%
22.6%
22.6%
44.6%
44.6%
19.6%
19.6%
3.4%
3.4%
0% 100.0%
% of Homes
Average

for Illinois

Low

for nation

Number of Homes And Apartments:

5,140

Effingham Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,143 / per month

Homeownership Rate

Owners
Renters
61.6%
61.6%
38.4%
38.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.2%
7.2%
92.8%
92.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.2%
9.2%
47.8%
47.8%
29.7%
29.7%
13.3%
13.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.5%
65.5%
1.6%
1.6%
13.1%
13.1%
15.3%
15.3%
4.5%
4.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.9%
5.9%
10.0%
10.0%
28.4%
28.4%
38.7%
38.7%
11.2%
11.2%
5.7%
5.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Effingham

Zip Codes in Effingham, IL