Joliet, IL


Highest Appreciating Joliet Neighborhoods Since 2000

Joliet, 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

Joliet Housing Market Information

With 147,861 people, 46,895 houses or apartments, and a median cost of homes of $183,876, Joliet real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Joliet, accounting for 68.86% of the city's housing units. Other types of housing that are prevalent in Joliet include large apartment complexes or high rise apartments ( 11.30%), row houses and other attached homes ( 9.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Joliet. Owner-occupied housing accounts for 69.65% of Joliet's homes, and 61.07% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Joliet 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 Joliet built between 2000 and later ( 26.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.11%). There's also some housing in Joliet built before 1939 ( 18.00%).

Joliet Home Appreciation Rates

Homes have actually lost value in Joliet over the last then years, as home values have seen a decline of 22.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Joliet home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Joliet that despite a nationwide downturn in the housing market, Joliet real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Joliet appreciation rates continue to be some of the highest in America, at 5.98%, which is higher than appreciation rates in 73.90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Joliet. Joliet appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Joliet's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Joliet differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Joliet - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Joliet real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,127,000 0.2
$845,001 - $1,127,000 0.3
$563,001 - $845,000 0.6
$451,001 - $563,000 1.0
$338,001 - $451,000 3.8
$226,001 - $338,000 19.3
$113,001 - $226,000 52.6
$56,001 - $113,000 17.8
$0 - $56,000 4.4

High for IL
High for Nation

Value Relative to Nation Value Relative to State
36.7690144146256 28.8607594936709

Number Of Homes And Apartments:

Joliet 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
11.82% 0.65% 3 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,299 / per month

Homeownership Rate

Owners 69.65
Renters 30.35
Vacant 7.77

Housing Market Details


Age of Homes

2000 or Newer 26.1
1970 - 1999 30.8
1940 - 1969 25.1
1939 or Older 18.0

Types of Homes

Single-Family 68.9
Townhomes 9.8
Small Apt. Buildings 9.5
Apt. Complexes 11.3
Mobile Homes 0.5
Other 0.0

Home Size

No Bedroom 1.45
1 Bedroom 8.84
2 Bedrooms 24.57
3 Bedrooms 41.69
4 Bedrooms 19.39
5 or more bedrooms 4.07