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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.



Flossmoor, 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

Flossmoor, IL Housing Market Trends

With 9,339 people, 3,461 houses or apartments, and a median cost of homes of $315,925, Flossmoor real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Flossmoor, accounting for 85.20% of the village's housing units. Other types of housing that are prevalent in Flossmoor include large apartment complexes or high rise apartments ( 6.13%), duplexes, homes converted to apartments or other small apartment buildings ( 4.49%), and a few row houses and other attached homes ( 4.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Flossmoor. Owner-occupied housing accounts for 95.15% of Flossmoor's homes, and 71.76% 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. Flossmoor's housing was primarily built during this period, from the '40s through the '60s. A full 49.90% of the village's housing hails from this era. Other housing ages represented in Flossmoor include homes built between 1970-1999 ( 33.27%) and housing constructed between 2000 and later ( 8.53%). There's also some housing in Flossmoor built before 1939 ( 8.30%).

Flossmoor Home Appreciation Rates

Flossmoor's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Flossmoor during the period has been just 4.89%, which is lower than 70% of US communities.

Over the last year, Flossmoor appreciation rates have trailed the rest of the nation. In the last twelve months, Flossmoor's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Flossmoor were at 0.21%, which equates to an annual appreciation rate of 0.86%.

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

Average Home Values

Median Home Value

$315,925

Flossmoor, IL Home Prices
> $1,241,000
$931,001 - $1,241,000
$621,001 - $931,000
$496,001 - $621,000
$372,001 - $496,000
$248,001 - $372,000
$124,001 - $248,000
$62,001 - $124,000
$0 - $62,000
0.3%
0.3%
1.5%
1.5%
5.8%
5.8%
7.7%
7.7%
15.4%
15.4%
27.9%
27.9%
30.8%
30.8%
5.6%
5.6%
4.8%
4.8%
0% 100.0%
% of Homes
High

for Illinois

High

for nation

Number of Homes And Apartments:

3,461

Flossmoor Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,634 / per month

Homeownership Rate

Owners
Renters
95.1%
95.1%
4.9%
4.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.3%
2.3%
97.7%
97.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.5%
8.5%
33.3%
33.3%
49.9%
49.9%
8.3%
8.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
85.2%
85.2%
4.2%
4.2%
4.5%
4.5%
6.1%
6.1%
0.0%
0.0%
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
0.0%
0.0%
3.2%
3.2%
11.7%
11.7%
39.9%
39.9%
31.8%
31.8%
13.3%
13.3%
0% 100.0%
% of Homes