Flossmoor, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Flossmoor Neighborhoods Since 2000




Flossmoor, 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

Flossmoor Housing Market Information

With 9,478 people, 3,470 houses or apartments, and a median cost of homes of $227,593, 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 82.59% of the village's housing units. Other types of housing that are prevalent in Flossmoor include row houses and other attached homes ( 8.98%), large apartment complexes or high rise apartments ( 8.43%).

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 90.45% of Flossmoor's homes, and 71.46% 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 44.72% of the village's housing hails from this era. Other housing ages represented in Flossmoor include homes built between 1970-1999 ( 42.92%) and housing constructed before 1939 ( 9.55%). There's also some housing in Flossmoor built between 2000 and later ( 2.81%).

Flossmoor Home Appreciation Rates

Homes have actually lost value in Flossmoor over the last then years, as home values have seen a decline of 30.03% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Flossmoor home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Flossmoor's appreciation rate, at 3.49%, has been at or slightly above the national average. In the latest quarter, Flossmoor's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Flossmoor's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$227,593

Flossmoor, IL HOME PRICES

Value Range
> $1,021,000 0.9
$766,001 - $1,021,000 0.8
$511,001 - $766,000 1.8
$408,001 - $511,000 2.8
$306,001 - $408,000 15.7
$204,001 - $306,000 25.9
$102,001 - $204,000 38.1
$51,001 - $102,000 10.4
$0 - $51,000 3.6

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
26.2275870151178 19.2405063291139

Number Of Homes And Apartments:
3,470

Flossmoor 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
-6.41% -0.38% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,818 / per month

Homeownership Rate

Homeownership
Owners 90.45
Renters 9.55
Vacant 5.32

Housing Market Details

 

Age of Homes

AGE OF Flossmoor HOMES
2000 or Newer 2.8
1970 - 1999 42.9
1940 - 1969 44.7
1939 or Older 9.5

Types of Homes

TYPE OF Flossmoor HOMES
Single-Family 82.6
Townhomes 9.0
Small Apt. Buildings 0.0
Apt. Complexes 8.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Flossmoor HOMES
No Bedroom 0.52
1 Bedroom 1.66
2 Bedrooms 11.38
3 Bedrooms 41.64
4 Bedrooms 29.82
5 or more bedrooms 14.98