Itasca, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Itasca Neighborhoods Since 2000




Itasca, 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

Itasca Housing Market Information

With 8,798 people, 3,265 houses or apartments, and a median cost of homes of $345,345, Itasca house prices are not only among the most expensive in Illinois, Itasca real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Itasca, accounting for 52.70% of the village's housing units. Other types of housing that are prevalent in Itasca include large apartment complexes or high rise apartments ( 24.47%), row houses and other attached homes ( 18.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Itasca. Owner-occupied housing accounts for 66.13% of Itasca's homes, and 59.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Itasca 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 Itasca built between 1940-1969 ( 30.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.41%). There's also some housing in Itasca built before 1939 ( 7.48%).

Itasca Home Appreciation Rates

Itasca's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Itasca during the period has been just -1.92%, which is lower than 80% of US communities.

Over the last year, Itasca appreciation rates have trailed the rest of the nation. In the last twelve months, Itasca's appreciation rate has been 2.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Itasca were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$345,345

Itasca, IL HOME PRICES

Value Range
> $1,127,000 0.1
$846,001 - $1,127,000 0.3
$564,001 - $846,000 9.9
$451,001 - $564,000 11.3
$338,001 - $451,000 26.9
$226,001 - $338,000 36.8
$113,001 - $226,000 10.4
$56,001 - $113,000 2.4
$0 - $56,000 1.9

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
12.5512715340443 7.46835443037975

Number Of Homes And Apartments:
3,265

Itasca 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
30.20% 1.54% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,897 / per month

Homeownership Rate

Homeownership
Owners 66.13
Renters 33.87
Vacant 1.95

Housing Market Details

 

Age of Homes

AGE OF Itasca HOMES
2000 or Newer 11.4
1970 - 1999 50.5
1940 - 1969 30.6
1939 or Older 7.5

Types of Homes

TYPE OF Itasca HOMES
Single-Family 52.7
Townhomes 18.3
Small Apt. Buildings 4.4
Apt. Complexes 24.5
Mobile Homes 0.0
Other 0.2

Home Size

SIZE OF Itasca HOMES
No Bedroom 0.00
1 Bedroom 10.51
2 Bedrooms 26.16
3 Bedrooms 40.90
4 Bedrooms 18.80
5 or more bedrooms 3.63