Golconda, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Golconda Neighborhoods Since 2000




Golconda, 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

Golconda Housing Market Information

With 629 people, 293 houses or apartments, and a median cost of homes of $88,958, house prices in Golconda are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in Golconda, accounting for 62.35% of the city's housing units. Other types of housing that are prevalent in Golconda include duplexes, homes converted to apartments or other small apartment buildings ( 14.91%), large apartment complexes or high rise apartments ( 11.25%), and a few mobile homes or trailers ( 8.31%).

People in Golconda primarily live in small (one, two or no bedroom) single-family detached homes. Golconda has a mixture of owner-occupied and renter-occupied housing.

The housing in Golconda was primarily built before 1939 ( 46.70%), making the housing stock in Golconda some of the oldest overall in America, although there is a range of ages of homes in Golconda. The next most important housing age is between 1970-1999 ( 31.78%), followed by between 1940-1969 ( 18.83%). There's also some housing in Golconda built between 2000 and later ( 2.69%).

Vacant housing appears to be an issue in Golconda. Fully 28.36% of the housing stock is classified as vacant. Left unchecked, vacant Golconda homes and apartments can be a drag on the real estate market, holding Golconda real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Golconda Home Appreciation Rates

In the last 10 years, Golconda has experienced some of the highest home appreciation rates of any community in the nation. Golconda real estate appreciated 15.25% over the last ten years, which is an average annual home appreciation rate of 1.43%, putting Golconda in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Golconda definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Golconda appreciation rates have trailed the rest of the nation. In the last twelve months, Golconda's appreciation rate has been 2.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Golconda were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$88,958

Golconda, IL HOME PRICES

Value Range
> $1,082,000 0.0
$811,001 - $1,082,000 0.0
$541,001 - $811,000 0.0
$433,001 - $541,000 0.0
$325,001 - $433,000 6.2
$216,001 - $325,000 6.3
$108,001 - $216,000 27.1
$54,001 - $108,000 35.6
$0 - $54,000 24.8

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
84.7152232509082 80.379746835443

Number Of Homes And Apartments:
293

Golconda 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
64.99% 2.95% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$798 / per month

Homeownership Rate

Homeownership
Owners 43.00
Renters 57.00
Vacant 28.36

Housing Market Details

 

Age of Homes

AGE OF Golconda HOMES
2000 or Newer 2.7
1970 - 1999 31.8
1940 - 1969 18.8
1939 or Older 46.7

Types of Homes

TYPE OF Golconda HOMES
Single-Family 62.3
Townhomes 3.2
Small Apt. Buildings 14.9
Apt. Complexes 11.2
Mobile Homes 8.3
Other 0.0

Home Size

SIZE OF Golconda HOMES
No Bedroom 4.40
1 Bedroom 19.56
2 Bedrooms 39.12
3 Bedrooms 29.10
4 Bedrooms 4.89
5 or more bedrooms 2.93

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Zip Codes in Golconda, IL