Geneva IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Geneva Housing Market Information

With 21,861 people, 8,048 houses or apartments, and a median cost of homes of $379,583, 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 1.15%, which is lower than 70% 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 3.02%, 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 0.32%, which equates to an annual appreciation rate of 1.27%.

Notably, Geneva's appreciation rate in the latest quarter is one of the lowest in America.

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

 

Median Home Value:
$379,583

Geneva, IL HOME PRICES

Value Range
> $1,111,000 1.0
$833,001 - $1,111,000 0.8
$555,001 - $833,000 11.8
$445,001 - $555,000 14.0
$333,001 - $445,000 28.2
$222,001 - $333,000 31.0
$111,001 - $222,000 11.7
$55,001 - $111,000 0.3
$0 - $55,000 1.1

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
12.9051094890511 7.21518987341772

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:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
32.73% 1.43%
5
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,806 / per month

Homeownership Rate

Homeownership
Owners 82.72
Renters 17.28
Vacant 4.26

Housing Market Details

 

Age of Homes

AGE OF Geneva HOMES
2000 or Newer 18.6
1970 - 1999 53.5
1940 - 1969 16.4
1939 or Older 11.5

Types of Homes

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

Home Size

SIZE OF Geneva HOMES
No Bedroom 0.52
1 Bedroom 3.13
2 Bedrooms 20.64
3 Bedrooms 30.75
4 Bedrooms 37.85
5 or more bedrooms 7.10