Glencoe IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Glencoe, 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

Glencoe Housing Market Information

With a population of 8,826, 3,234 total housing units (homes and apartments), and a median house value of $782,515, Glencoe house prices are not only among the most expensive in Illinois, Glencoe real estate also is some of the most expensive in all of America.

Glencoe is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Glencoe than is found in 98% of the communities in America.

The large homes that make up Glencoe are primarily owner-occupied ( 93.76%).

The housing in Glencoe was primarily built before 1939 ( 34.78%), making the housing stock in Glencoe some of the oldest overall in America, although there is a range of ages of homes in Glencoe. The next most important housing age is between 1940-1969 ( 33.13%), followed by between 1970-1999 ( 16.24%). There's also some housing in Glencoe built between 2000 and later ( 15.84%).

Glencoe Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Glencoe, where house values have increased just 6.09%, which is annualized rate of 0.59%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Glencoe appreciation rates have trailed the rest of the nation. In the last twelve months, Glencoe's appreciation rate has been 2.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glencoe were at 1.06%, which equates to an annual appreciation rate of 4.29%.

Relative to Illinois, our data show that Glencoe's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$782,515

Glencoe, IL HOME PRICES

Value Range
> $947,000 42.8
$711,001 - $947,000 21.8
$474,001 - $711,000 19.9
$379,001 - $474,000 2.2
$284,001 - $379,000 1.7
$189,001 - $284,000 8.6
$95,001 - $189,000 2.4
$47,001 - $95,000 0.0
$0 - $47,000 0.6

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
2.68029197080292 1.13924050632911

Number Of Homes And Apartments:
3,234

Glencoe 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
19.16% 0.85%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,616 / per month

Homeownership Rate

Homeownership
Owners 93.76
Renters 6.24
Vacant 8.33

Housing Market Details

 

Age of Homes

AGE OF Glencoe HOMES
2000 or Newer 15.8
1970 - 1999 16.2
1940 - 1969 33.1
1939 or Older 34.8

Types of Homes

TYPE OF Glencoe HOMES
Single-Family 89.7
Townhomes 3.8
Small Apt. Buildings 0.7
Apt. Complexes 5.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Glencoe HOMES
No Bedroom 1.08
1 Bedroom 2.35
2 Bedrooms 8.56
3 Bedrooms 19.33
4 Bedrooms 38.27
5 or more bedrooms 30.41