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 33,238 people, 13,323 houses or apartments, and a median cost of homes of $231,899, Elk Grove Village real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Elk Grove Village, accounting for 58.74% of the village's housing units. Other types of housing that are prevalent in Elk Grove Village include large apartment complexes or high rise apartments ( 27.27%), row houses and other attached homes ( 10.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.84%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Elk Grove Village. Owner-occupied housing accounts for 73.38% of Elk Grove Village's homes, and 57.36% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Elk Grove Village 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 Elk Grove Village built between 1940-1969 ( 37.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.83%). There's also some housing in Elk Grove Village built before 1939 ( 1.32%).
Elk Grove Village's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Elk Grove Village during the period has been just -2.07%, which is lower than 80% of US communities.
Over the last year, Elk Grove Village appreciation rates have trailed the rest of the nation. In the last twelve months, Elk Grove Village's appreciation rate has been 2.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Elk Grove Village were at 0.43%, which equates to an annual appreciation rate of 1.74%.
Relative to Illinois, our data show that Elk Grove Village'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 village. Individual neighborhoods within Elk Grove Village differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Elk Grove Village - 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 Elk Grove Village real estate investment or home purchase decisions.
|$825,001 - $1,099,000||0.8|
|$550,001 - $825,000||2.9|
|$440,001 - $550,000||6.7|
|$330,001 - $440,000||19.1|
|$220,001 - $330,000||38.1|
|$110,001 - $220,000||23.5|
|$55,001 - $110,000||5.4|
|$0 - $55,000||3.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Elk Grove Village HOMES|
|2000 or Newer||2.8|
|1970 - 1999||58.8|
|1940 - 1969||37.1|
|1939 or Older||1.3|
|TYPE OF Elk Grove Village HOMES|
|Small Apt. Buildings||3.8|
|SIZE OF Elk Grove Village HOMES|
|5 or more bedrooms||3.37|