Hazel Crest, IL


Highest Appreciating Hazel Crest Neighborhoods Since 2000

Hazel Crest, 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

Hazel Crest Housing Market Information

With 14,118 people, 4,923 houses or apartments, and a median cost of homes of $131,349, house prices in Hazel Crest are solidly below the national average.

Single-family detached homes are the single most common housing type in Hazel Crest, accounting for 75.38% of the village's housing units. Other types of housing that are prevalent in Hazel Crest include large apartment complexes or high rise apartments ( 16.54%), row houses and other attached homes ( 5.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hazel Crest. Owner-occupied housing accounts for 70.24% of Hazel Crest's homes, and 73.23% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hazel Crest 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 Hazel Crest built between 1940-1969 ( 42.61%). A lesser amount of the housing stock also hails from before 1939 ( 5.46%). There's also some housing in Hazel Crest built between 2000 and later ( 2.56%).

Vacant housing appears to be an issue in Hazel Crest. Fully 14.93% of the housing stock is classified as vacant. Left unchecked, vacant Hazel Crest homes and apartments can be a drag on the real estate market, holding Hazel Crest 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.

Hazel Crest Home Appreciation Rates

Homes have actually lost value in Hazel Crest over the last then years, as home values have seen a decline of 33.24% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hazel Crest home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Hazel Crest appreciation rates have trailed the rest of the nation. In the last twelve months, Hazel Crest's appreciation rate has been 2.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hazel Crest were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values


Median Home Value:


Value Range
> $1,050,000 0.3
$788,001 - $1,050,000 0.0
$525,001 - $788,000 0.4
$420,001 - $525,000 1.3
$315,001 - $420,000 2.3
$210,001 - $315,000 8.0
$105,001 - $210,000 43.8
$52,001 - $105,000 34.8
$0 - $52,000 9.1

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
59.1234032579398 48.9873417721519

Number Of Homes And Apartments:

Hazel Crest Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
-9.59% -0.58% 1 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,083 / per month

Homeownership Rate

Owners 70.24
Renters 29.76
Vacant 14.93

Housing Market Details


Age of Homes

AGE OF Hazel Crest HOMES
2000 or Newer 2.6
1970 - 1999 49.4
1940 - 1969 42.6
1939 or Older 5.5

Types of Homes

Single-Family 75.4
Townhomes 5.0
Small Apt. Buildings 2.7
Apt. Complexes 16.5
Mobile Homes 0.4
Other 0.0

Home Size

No Bedroom 0.85
1 Bedroom 7.50
2 Bedrooms 14.62
3 Bedrooms 54.00
4 Bedrooms 19.23
5 or more bedrooms 3.80