Geneva, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Geneva Housing Market Information

With 21,809 people, 8,048 houses or apartments, and a median cost of homes of $376,436, Geneva house prices are not only among the most expensive in Illinois, Geneva real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Geneva, accounting for 72.61% of the city's housing units. Other types of housing that are prevalent in Geneva include row houses and other attached homes ( 14.03%), large apartment complexes or high rise apartments ( 8.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Geneva. Owner-occupied housing accounts for 82.72% of Geneva's homes, and 68.61% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Geneva 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 Geneva built between 2000 and later ( 18.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.39%). There's also some housing in Geneva built before 1939 ( 11.53%).

Geneva Home Appreciation Rates

Geneva's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Geneva during the period has been just 1.35%, which is lower than 80% of US communities.

Over the last year, Geneva appreciation rates have trailed the rest of the nation. In the last twelve months, Geneva's appreciation rate has been 1.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Geneva were at 1.05%, which equates to an annual appreciation rate of 4.27%.

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

Average Home Values

 
info

Median Home Value:
$376,436

Geneva, IL HOME PRICES

> $1,103,000
1.0%
1.0%
$827,001 - $1,103,000
0.8%
0.8%
$552,001 - $827,000
11.8%
11.8%
$441,001 - $552,000
14.0%
14.0%
$331,001 - $441,000
28.2%
28.2%
$220,001 - $331,000
31.0%
31.0%
$110,001 - $220,000
11.7%
11.7%
$55,001 - $110,000
0.3%
0.3%
$0 - $55,000
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for IL

Value Relative To Nation

Number Of Homes And Apartments:
8,048

Geneva Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
31.76% 1.34%
4
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,841 / per month

Homeownership Rate

Owners
82.7%
82.7%
Renters
17.3%
17.3%
Vacant
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
18.6%
18.6%
1970 - 1999
53.5%
53.5%
1940 - 1969
16.4%
16.4%
1939 or Older
11.5%
11.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.6%
72.6%
Townhomes
14.0%
14.0%
Small Apt. Buildings
5.0%
5.0%
Apt. Complexes
8.1%
8.1%
Mobile Homes
0.0%
0.0%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
3.1%
3.1%
2 Bedrooms
20.6%
20.6%
3 Bedrooms
30.8%
30.8%
4 Bedrooms
37.9%
37.9%
5 or more bedrooms
7.1%
7.1%
0.0% 100.0%
% OF HOMES