Lake Bluff, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lake Bluff Neighborhoods Since 2000




Lake Bluff, 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 Bluff Housing Market Information

With a population of 5,674, 2,026 total housing units (homes and apartments), and a median house value of $483,841, Lake Bluff house prices are not only among the most expensive in Illinois, Lake Bluff real estate also is some of the most expensive in all of America.

Lake Bluff is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lake Bluff than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Bluff. Owner-occupied housing accounts for 85.49% of Lake Bluff's homes, and 75.43% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lake Bluff's housing was primarily built during this period, from the '40s through the '60s. A full 39.24% of the village's housing hails from this era. Other housing ages represented in Lake Bluff include homes built between 1970-1999 ( 38.34%) and housing constructed before 1939 ( 14.15%). There's also some housing in Lake Bluff built between 2000 and later ( 8.27%).

Lake Bluff Home Appreciation Rates

Real estate appreciation rates in Lake Bluff's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.64% during the period.

Over the last year, Lake Bluff appreciation rates have trailed the rest of the nation. In the last twelve months, Lake Bluff's appreciation rate has been 1.96%, 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 Bluff were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Lake Bluff's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$483,841

Lake Bluff, IL HOME PRICES

Value Range
> $1,096,000 18.6
$822,001 - $1,096,000 10.7
$547,001 - $822,000 27.7
$438,001 - $547,000 16.8
$329,001 - $438,000 12.6
$219,001 - $329,000 7.6
$109,001 - $219,000 1.0
$55,001 - $109,000 2.9
$0 - $55,000 2.1

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
6.34595101371147 3.54430379746835

Number Of Homes And Apartments:
2,026

Lake Bluff 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
36.88% 1.84% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,715 / per month

Homeownership Rate

Homeownership
Owners 85.49
Renters 14.51
Vacant 3.15

Housing Market Details

 

Age of Homes

AGE OF Lake Bluff HOMES
2000 or Newer 8.3
1970 - 1999 38.3
1940 - 1969 39.2
1939 or Older 14.1

Types of Homes

TYPE OF Lake Bluff HOMES
Single-Family 89.1
Townhomes 4.7
Small Apt. Buildings 2.1
Apt. Complexes 3.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Lake Bluff HOMES
No Bedroom 0.14
1 Bedroom 2.82
2 Bedrooms 9.70
3 Bedrooms 32.84
4 Bedrooms 42.59
5 or more bedrooms 11.90