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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 12,533, 5,257 total housing units (homes and apartments), and a median house value of $63,181, house prices in Kewanee are some of the most affordable in Illinois as well as the nation.
Single-family detached homes are the single most common housing type in Kewanee, accounting for 79.33% of the city's housing units. Other types of housing that are prevalent in Kewanee include large apartment complexes or high rise apartments ( 11.11%), duplexes, homes converted to apartments or other small apartment buildings ( 6.45%), and a few mobile homes or trailers ( 2.07%).
The most prevalent building size and type in Kewanee are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.46% owning and 36.54% renting.
The housing in Kewanee was primarily built before 1939 ( 43.17%), making the housing stock in Kewanee some of the oldest overall in America, although there is a range of ages of homes in Kewanee. The next most important housing age is between 1940-1969 ( 40.48%), followed by between 1970-1999 ( 14.30%). There's also some housing in Kewanee built between 2000 and later ( 2.05%).
Vacant housing appears to be an issue in Kewanee. Fully 10.73% of the housing stock is classified as vacant. Left unchecked, vacant Kewanee homes and apartments can be a drag on the real estate market, holding Kewanee 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.
Real estate appreciation rates in Kewanee's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.26% during the period.
Over the last year, Kewanee appreciation rates have trailed the rest of the nation. In the last twelve months, Kewanee's appreciation rate has been -2.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kewanee were at -0.58%, which equates to an annual appreciation rate of -2.29%.
Notably, Kewanee's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Illinois, our data show that Kewanee's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.
|$732,001 - $977,000||0.0|
|$488,001 - $732,000||0.7|
|$391,001 - $488,000||0.0|
|$293,001 - $391,000||1.2|
|$195,001 - $293,000||3.8|
|$98,001 - $195,000||17.5|
|$49,001 - $98,000||43.2|
|$0 - $49,000||33.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Kewanee HOMES|
|2000 or Newer||2.1|
|1970 - 1999||14.3|
|1940 - 1969||40.5|
|1939 or Older||43.2|
|TYPE OF Kewanee HOMES|
|Small Apt. Buildings||6.5|
|SIZE OF Kewanee HOMES|
|5 or more bedrooms||2.28|