Glendale Heights, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Glendale Heights Neighborhoods Since 2000




Glendale Heights, 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

Glendale Heights Housing Market Information

With 34,435 people, 11,329 houses or apartments, and a median cost of homes of $217,897, Glendale Heights real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glendale Heights, accounting for 44.76% of the village's housing units. Other types of housing that are prevalent in Glendale Heights include large apartment complexes or high rise apartments ( 31.41%), row houses and other attached homes ( 21.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.64%).

Dwellings in Glendale Heights tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.21% of the homes in Glendale Heights have two or fewer bedrooms.

There is a lot of housing in Glendale Heights 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 Glendale Heights built between 1940-1969 ( 23.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.08%).

Glendale Heights Home Appreciation Rates

Homes have actually lost value in Glendale Heights over the last then years, as home values have seen a decline of 20.97% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Glendale Heights home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Glendale Heights that despite a nationwide downturn in the housing market, Glendale Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glendale Heights appreciation rates continue to be some of the highest in America, at 5.61%, which is higher than appreciation rates in 70.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glendale Heights. Glendale Heights appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Glendale Heights's latest annual appreciation rate is higher than 90% 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 Glendale Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glendale Heights - 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 Glendale Heights real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$217,897

Glendale Heights, IL HOME PRICES

Value Range
> $1,204,000 0.1
$904,001 - $1,204,000 0.4
$602,001 - $904,000 2.4
$482,001 - $602,000 1.8
$361,001 - $482,000 6.6
$241,001 - $361,000 30.6
$120,001 - $241,000 47.5
$60,001 - $120,000 7.5
$0 - $60,000 3.0

High for IL
High for Nation

Value Relative to Nation Value Relative to State
28.0968006562756 20.7594936708861

Number Of Homes And Apartments:
11,329

Glendale Heights 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
20.52% 1.09% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,564 / per month

Homeownership Rate

Homeownership
Owners 66.57
Renters 33.43
Vacant 6.24

Housing Market Details

 

Age of Homes

AGE OF Glendale Heights HOMES
2000 or Newer 7.1
1970 - 1999 68.5
1940 - 1969 23.7
1939 or Older 0.7

Types of Homes

TYPE OF Glendale Heights HOMES
Single-Family 44.8
Townhomes 21.8
Small Apt. Buildings 1.6
Apt. Complexes 31.4
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Glendale Heights HOMES
No Bedroom 0.34
1 Bedroom 13.71
2 Bedrooms 37.17
3 Bedrooms 32.52
4 Bedrooms 13.85
5 or more bedrooms 2.42