Glen Carbon, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Glen Carbon Neighborhoods Since 2000




Glen Carbon, 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

Glen Carbon Housing Market Information

With a population of 12,966, 5,005 total housing units (homes and apartments), and a median house value of $225,882, Glen Carbon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glen Carbon, accounting for 67.87% of the village's housing units. Other types of housing that are prevalent in Glen Carbon include duplexes, homes converted to apartments or other small apartment buildings ( 12.80%), large apartment complexes or high rise apartments ( 9.70%), and a few row houses and other attached homes ( 8.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glen Carbon. Owner-occupied housing accounts for 68.85% of Glen Carbon's homes, and 62.08% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glen Carbon 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 Glen Carbon built between 2000 and later ( 24.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.42%). There's also some housing in Glen Carbon built before 1939 ( 8.30%).

Glen Carbon Home Appreciation Rates

Appreciation rates for homes in Glen Carbon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.52%, which ranks in the top 40% nationwide. This equates to an annual average Glen Carbon house appreciation rate of 0.44%.

NeighborhoodScout's data show that during the latest twelve months, Glen Carbon's appreciation rate, at 3.60%, has been at or slightly above the national average. In the latest quarter, Glen Carbon's appreciation rate has been 1.03%, which annualizes to a rate of 4.19%.

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

Average Home Values

 

Median Home Value:
$225,882

Glen Carbon, IL HOME PRICES

Value Range
> $1,083,000 0.6
$812,001 - $1,083,000 0.3
$542,001 - $812,000 1.9
$434,001 - $542,000 2.3
$325,001 - $434,000 12.8
$217,001 - $325,000 35.5
$108,001 - $217,000 40.2
$54,001 - $108,000 3.6
$0 - $54,000 2.7

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
26.6318996835814 19.493670886076

Number Of Homes And Apartments:
5,005

Glen Carbon 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
42.17% 2.06% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,212 / per month

Homeownership Rate

Homeownership
Owners 68.85
Renters 31.15
Vacant 8.10

Housing Market Details

 

Age of Homes

AGE OF Glen Carbon HOMES
2000 or Newer 24.8
1970 - 1999 57.5
1940 - 1969 9.4
1939 or Older 8.3

Types of Homes

TYPE OF Glen Carbon HOMES
Single-Family 67.9
Townhomes 8.0
Small Apt. Buildings 12.8
Apt. Complexes 9.7
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Glen Carbon HOMES
No Bedroom 0.00
1 Bedroom 7.23
2 Bedrooms 25.71
3 Bedrooms 37.66
4 Bedrooms 24.42
5 or more bedrooms 4.98