Harwood Heights, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Harwood Heights Neighborhoods Since 2000




Harwood 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

Harwood Heights Housing Market Information

With a population of 8,635, 3,595 total housing units (homes and apartments), and a median house value of $292,209, Harwood Heights real estate is some of the most expensive in Illinois, although Harwood Heights home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Harwood Heights, accounting for 51.22% of the village's housing units. Other types of housing that are prevalent in Harwood Heights include large apartment complexes or high rise apartments ( 34.63%), duplexes, homes converted to apartments or other small apartment buildings ( 13.13%), and a few row houses and other attached homes ( 1.02%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Harwood Heights's housing was primarily built during this period, from the '40s through the '60s. A full 57.69% of the village's housing hails from this era. Other housing ages represented in Harwood Heights include homes built between 1970-1999 ( 18.61%) and housing constructed before 1939 ( 12.52%). There's also some housing in Harwood Heights built between 2000 and later ( 11.19%).

Harwood Heights Home Appreciation Rates

Homes have actually lost value in Harwood Heights over the last then years, as home values have seen a decline of 24.01% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Harwood Heights home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Harwood Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Harwood Heights's appreciation rate has been 2.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harwood Heights were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$292,209

Harwood Heights, IL HOME PRICES

Value Range
> $1,164,000 0.0
$873,001 - $1,164,000 0.0
$582,001 - $873,000 1.6
$466,001 - $582,000 7.6
$349,001 - $466,000 17.7
$233,001 - $349,000 47.6
$116,001 - $233,000 19.6
$58,001 - $116,000 5.0
$0 - $58,000 0.9

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
16.9869916793625 10.5063291139241

Number Of Homes And Apartments:
3,595

Harwood 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
25.60% 1.33% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,205 / per month

Homeownership Rate

Homeownership
Owners 62.69
Renters 37.31
Vacant 7.99

Housing Market Details

 

Age of Homes

AGE OF Harwood Heights HOMES
2000 or Newer 11.2
1970 - 1999 18.6
1940 - 1969 57.7
1939 or Older 12.5

Types of Homes

TYPE OF Harwood Heights HOMES
Single-Family 51.2
Townhomes 1.0
Small Apt. Buildings 13.1
Apt. Complexes 34.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Harwood Heights HOMES
No Bedroom 3.63
1 Bedroom 14.90
2 Bedrooms 37.34
3 Bedrooms 34.81
4 Bedrooms 8.19
5 or more bedrooms 1.13