Hickory Hills, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hickory Hills, 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

Hickory Hills Housing Market Information

With 14,122 people, 4,857 houses or apartments, and a median cost of homes of $242,756, Hickory Hills real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hickory Hills, accounting for 64.24% of the city's housing units. Other types of housing that are prevalent in Hickory Hills include large apartment complexes or high rise apartments ( 30.07%), duplexes, homes converted to apartments or other small apartment buildings ( 3.91%), and a few row houses and other attached homes ( 1.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hickory Hills. Owner-occupied housing accounts for 73.00% of Hickory Hills's homes, and 61.59% have either three or four bedrooms, which is average sized relative to America.

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. Hickory Hills's housing was primarily built during this period, from the '40s through the '60s. A full 49.93% of the city's housing hails from this era. Other housing ages represented in Hickory Hills include homes built between 1970-1999 ( 44.11%) and housing constructed between 2000 and later ( 3.78%). There's also some housing in Hickory Hills built before 1939 ( 2.19%).

Hickory Hills Home Appreciation Rates

Homes have actually lost value in Hickory Hills over the last then years, as home values have seen a decline of 24.29% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hickory Hills home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Hickory Hills's appreciation rate, at 4.11%, has been at or slightly above the national average. In the latest quarter, Hickory Hills's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Hickory Hills's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$242,756

Hickory Hills, IL HOME PRICES

Value Range
> $1,123,000 0.2
$842,001 - $1,123,000 0.3
$561,001 - $842,000 2.1
$449,001 - $561,000 2.8
$337,001 - $449,000 9.1
$224,001 - $337,000 38.5
$112,001 - $224,000 34.9
$56,001 - $112,000 5.7
$0 - $56,000 6.5

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
23.6552209070667 15.6962025316456

Number Of Homes And Apartments:
4,857

Hickory Hills 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
20.76% 1.10% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,185 / per month

Homeownership Rate

Homeownership
Owners 73.00
Renters 27.00
Vacant 9.21

Housing Market Details

 

Age of Homes

AGE OF Hickory Hills HOMES
2000 or Newer 3.8
1970 - 1999 44.1
1940 - 1969 49.9
1939 or Older 2.2

Types of Homes

TYPE OF Hickory Hills HOMES
Single-Family 64.2
Townhomes 1.8
Small Apt. Buildings 3.9
Apt. Complexes 30.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hickory Hills HOMES
No Bedroom 0.41
1 Bedroom 8.64
2 Bedrooms 27.70
3 Bedrooms 42.92
4 Bedrooms 18.67
5 or more bedrooms 1.66

Popular Neighborhoods in Hickory Hills

Zip Codes in Hickory Hills, IL