Lake Villa, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lake Villa Neighborhoods Since 2000




Lake Villa, 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 Villa Housing Market Information

With 8,821 people, 2,935 houses or apartments, and a median cost of homes of $234,352, Lake Villa real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lake Villa, accounting for 73.94% of the village's housing units. Other types of housing that are prevalent in Lake Villa include large apartment complexes or high rise apartments ( 18.23%), row houses and other attached homes ( 4.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.89%).

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 Villa. Owner-occupied housing accounts for 75.09% of Lake Villa's homes, and 63.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lake Villa 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 Villa built between 2000 and later ( 30.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.12%). There's also some housing in Lake Villa built before 1939 ( 4.84%).

Lake Villa Home Appreciation Rates

Homes have actually lost value in Lake Villa over the last then years, as home values have seen a decline of 24.76% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lake Villa home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Lake Villa's appreciation rate, at 3.76%, has been at or slightly above the national average. In the latest quarter, Lake Villa's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Lake Villa's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$234,352

Lake Villa, IL HOME PRICES

Value Range
> $1,107,000 0.1
$831,001 - $1,107,000 1.1
$554,001 - $831,000 0.7
$443,001 - $554,000 2.1
$332,001 - $443,000 8.3
$221,001 - $332,000 36.5
$111,001 - $221,000 43.7
$55,001 - $111,000 4.2
$0 - $55,000 3.3

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
25.0087894058362 17.4683544303797

Number Of Homes And Apartments:
2,935

Lake Villa 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
3.39% 0.19% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,826 / per month

Homeownership Rate

Homeownership
Owners 75.09
Renters 24.91
Vacant 4.61

Housing Market Details

 

Age of Homes

AGE OF Lake Villa HOMES
2000 or Newer 30.9
1970 - 1999 56.1
1940 - 1969 8.1
1939 or Older 4.8

Types of Homes

TYPE OF Lake Villa HOMES
Single-Family 73.9
Townhomes 4.9
Small Apt. Buildings 2.9
Apt. Complexes 18.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lake Villa HOMES
No Bedroom 0.71
1 Bedroom 10.04
2 Bedrooms 19.73
3 Bedrooms 32.34
4 Bedrooms 30.81
5 or more bedrooms 6.37

Popular Neighborhoods in Lake Villa

Zip Codes in Lake Villa, IL