Lake Barrington, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lake Barrington Neighborhoods Since 2000




Lake Barrington, 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

Lake Barrington Housing Market Information

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%).

Lake Barrington Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$354,545

Lake Barrington, IL HOME PRICES

Value Range
> $1,080,000 5.4
$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

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
11.8774170866049 7.21518987341772

Number Of Homes And Apartments:
2,348

Lake Barrington 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
10.88% 0.60% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,063 / per month

Homeownership Rate

Homeownership
Owners 83.18
Renters 16.82
Vacant 3.33

Housing Market Details

 

Age of Homes

AGE OF Lake Barrington HOMES
2000 or Newer 10.1
1970 - 1999 81.2
1940 - 1969 6.9
1939 or Older 1.8

Types of Homes

TYPE OF Lake Barrington HOMES
Single-Family 38.5
Townhomes 35.8
Small Apt. Buildings 14.5
Apt. Complexes 11.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lake Barrington HOMES
No Bedroom 0.41
1 Bedroom 9.30
2 Bedrooms 37.79
3 Bedrooms 20.01
4 Bedrooms 24.54
5 or more bedrooms 7.95

Popular Neighborhoods in Lake Barrington

Zip Codes in Lake Barrington, IL