Green Oaks, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Green Oaks Neighborhoods Since 2000




Green Oaks, 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

Green Oaks Housing Market Information

With 3,837 people, 1,175 houses or apartments, and a median cost of homes of $433,555, Green Oaks house prices are not only among the most expensive in Illinois, Green Oaks real estate also is some of the most expensive in all of America.

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

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Green Oaks. Owner-occupied housing accounts for 95.89% of Green Oaks's homes, and 74.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Green Oaks 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 Green Oaks built between 1940-1969 ( 23.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.50%). There's also some housing in Green Oaks built before 1939 ( 4.48%).

Green Oaks Home Appreciation Rates

Green Oaks's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Green Oaks during the period has been just -1.46%, which is lower than 80% of US communities.

Over the last year, Green Oaks appreciation rates have trailed the rest of the nation. In the last twelve months, Green Oaks's appreciation rate has been 0.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Green Oaks were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Green Oaks's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$433,555

Green Oaks, IL HOME PRICES

Value Range
> $1,085,000 4.2
$814,001 - $1,085,000 12.0
$542,001 - $814,000 30.1
$434,001 - $542,000 11.5
$325,001 - $434,000 13.8
$217,001 - $325,000 11.4
$108,001 - $217,000 11.8
$54,001 - $108,000 3.7
$0 - $54,000 1.5

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
7.92218446033048 4.17721518987342

Number Of Homes And Apartments:
1,175

Green Oaks 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
30.14% 1.54% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,676 / per month

Homeownership Rate

Homeownership
Owners 95.89
Renters 4.11
Vacant 0.76

Housing Market Details

 

Age of Homes

AGE OF Green Oaks HOMES
2000 or Newer 6.5
1970 - 1999 65.8
1940 - 1969 23.2
1939 or Older 4.5

Types of Homes

TYPE OF Green Oaks HOMES
Single-Family 99.6
Townhomes 0.0
Small Apt. Buildings 0.4
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Green Oaks HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 0.76
3 Bedrooms 26.69
4 Bedrooms 47.80
5 or more bedrooms 24.75