Evergreen Park, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Evergreen Park Neighborhoods Since 2000




Evergreen Park, 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

Evergreen Park Housing Market Information

With 19,841 people, 7,253 houses or apartments, and a median cost of homes of $206,974, Evergreen Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Evergreen Park, accounting for 85.19% of the village's housing units. Other types of housing that are prevalent in Evergreen Park include large apartment complexes or high rise apartments ( 10.01%), duplexes, homes converted to apartments or other small apartment buildings ( 3.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Evergreen Park. Owner-occupied housing accounts for 78.82% of Evergreen Park's homes, and 67.95% have either three or four bedrooms, which is average sized relative to America.

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. Evergreen Park's housing was primarily built during this period, from the '40s through the '60s. A full 78.40% of the village's housing hails from this era. Other housing ages represented in Evergreen Park include homes built before 1939 ( 10.44%) and housing constructed between 1970-1999 ( 8.20%). There's also some housing in Evergreen Park built between 2000 and later ( 2.97%).

Evergreen Park Home Appreciation Rates

Homes have actually lost value in Evergreen Park over the last then years, as home values have seen a decline of 23.88% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Evergreen Park home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Evergreen Park appreciation rates have trailed the rest of the nation. In the last twelve months, Evergreen Park's appreciation rate has been 2.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Evergreen Park were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Evergreen Park's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$206,974

Evergreen Park, IL HOME PRICES

Value Range
> $1,082,000 0.2
$812,001 - $1,082,000 0.0
$541,001 - $812,000 1.4
$433,001 - $541,000 0.5
$325,001 - $433,000 6.0
$216,001 - $325,000 27.7
$108,001 - $216,000 55.6
$54,001 - $108,000 6.1
$0 - $54,000 2.6

High for IL
High for Nation

Value Relative to Nation Value Relative to State
30.5168170631665 22.6582278481013

Number Of Homes And Apartments:
7,253

Evergreen Park 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
20.08% 1.07% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,219 / per month

Homeownership Rate

Homeownership
Owners 78.82
Renters 21.18
Vacant 3.33

Housing Market Details

 

Age of Homes

AGE OF Evergreen Park HOMES
2000 or Newer 3.0
1970 - 1999 8.2
1940 - 1969 78.4
1939 or Older 10.4

Types of Homes

TYPE OF Evergreen Park HOMES
Single-Family 85.2
Townhomes 0.8
Small Apt. Buildings 3.9
Apt. Complexes 10.0
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Evergreen Park HOMES
No Bedroom 0.40
1 Bedroom 6.14
2 Bedrooms 22.64
3 Bedrooms 51.11
4 Bedrooms 16.83
5 or more bedrooms 2.87