Glen Ellyn, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Glen Ellyn Neighborhoods Since 2000




Glen Ellyn, 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 Ellyn Housing Market Information

With 28,201 people, 10,577 houses or apartments, and a median cost of homes of $430,502, Glen Ellyn house prices are not only among the most expensive in Illinois, Glen Ellyn 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 Glen Ellyn, accounting for 61.12% of the village's housing units. Other types of housing that are prevalent in Glen Ellyn include large apartment complexes or high rise apartments ( 28.13%), row houses and other attached homes ( 7.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.85%).

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 Ellyn. Owner-occupied housing accounts for 75.80% of Glen Ellyn's homes, and 57.55% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glen Ellyn 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 Ellyn built between 1940-1969 ( 36.58%). A lesser amount of the housing stock also hails from before 1939 ( 15.23%). There's also some housing in Glen Ellyn built between 2000 and later ( 10.42%).

Glen Ellyn Home Appreciation Rates

Glen Ellyn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glen Ellyn during the period has been just -0.89%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Glen Ellyn's appreciation rate, at 3.57%, has been at or slightly above the national average. In the latest quarter, Glen Ellyn's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Glen Ellyn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glen Ellyn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Glen Ellyn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$430,502

Glen Ellyn, IL HOME PRICES

Value Range
> $1,112,000 3.5
$834,001 - $1,112,000 5.8
$556,001 - $834,000 19.3
$445,001 - $556,000 14.6
$333,001 - $445,000 20.7
$222,001 - $333,000 19.0
$111,001 - $222,000 13.3
$56,001 - $111,000 2.7
$0 - $56,000 1.1

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
8.08625336927224 4.43037974683544

Number Of Homes And Apartments:
10,577

Glen Ellyn 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
42.21% 2.06% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,259 / per month

Homeownership Rate

Homeownership
Owners 75.80
Renters 24.20
Vacant 3.92

Housing Market Details

 

Age of Homes

AGE OF Glen Ellyn HOMES
2000 or Newer 10.4
1970 - 1999 37.8
1940 - 1969 36.6
1939 or Older 15.2

Types of Homes

TYPE OF Glen Ellyn HOMES
Single-Family 61.1
Townhomes 7.9
Small Apt. Buildings 2.9
Apt. Complexes 28.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Glen Ellyn HOMES
No Bedroom 1.05
1 Bedroom 15.39
2 Bedrooms 18.98
3 Bedrooms 29.01
4 Bedrooms 28.54
5 or more bedrooms 7.03