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 4,966 people, 2,348 houses or apartments, and a median cost of homes of $354,545, Lake Barrington house prices are not only among the most expensive in Illinois, Lake Barrington 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 Lake Barrington, accounting for 38.53% of the village's housing units. Other types of housing that are prevalent in Lake Barrington include row houses and other attached homes ( 35.82%), duplexes, homes converted to apartments or other small apartment buildings ( 14.53%), and a few large apartment complexes or high rise apartments ( 11.12%).
Dwellings in Lake Barrington tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 47.51% of the homes in Lake Barrington have two or fewer bedrooms.
There is a lot of housing in Lake Barrington 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 Lake Barrington built between 2000 and later ( 10.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.88%). There's also some housing in Lake Barrington built before 1939 ( 1.81%).
Homes have actually lost value in Lake Barrington over the last then years, as home values have seen a decline of 21.62% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lake Barrington home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.
Over the last year, Lake Barrington appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Barrington's appreciation rate has been 1.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lake Barrington were at 0.43%, which equates to an annual appreciation rate of 1.74%.
Relative to Illinois, our data show that Lake Barrington's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.
|$810,001 - $1,080,000||11.5|
|$540,001 - $810,000||21.6|
|$432,001 - $540,000||11.8|
|$324,001 - $432,000||15.9|
|$216,001 - $324,000||17.9|
|$108,001 - $216,000||11.6|
|$54,001 - $108,000||1.9|
|$0 - $54,000||2.4|
|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 Lake Barrington HOMES|
|2000 or Newer||10.1|
|1970 - 1999||81.2|
|1940 - 1969||6.9|
|1939 or Older||1.8|
|TYPE OF Lake Barrington HOMES|
|Small Apt. Buildings||14.5|
|SIZE OF Lake Barrington HOMES|
|5 or more bedrooms||7.95|