Lakemoor, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lakemoor Neighborhoods Since 2000




Lakemoor, 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

Lakemoor Housing Market Information

With 6,015 people, 2,281 houses or apartments, and a median cost of homes of $199,772, Lakemoor real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lakemoor, accounting for 50.21% of the village's housing units. Other types of housing that are prevalent in Lakemoor include row houses and other attached homes ( 18.91%), large apartment complexes or high rise apartments ( 17.17%), and a few mobile homes or trailers ( 8.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lakemoor. Owner-occupied housing accounts for 69.22% of Lakemoor's homes, and 52.85% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lakemoor 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 Lakemoor built between 2000 and later ( 38.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.40%). There's also some housing in Lakemoor built before 1939 ( 1.98%).

Vacant housing appears to be an issue in Lakemoor. Fully 11.42% of the housing stock is classified as vacant. Left unchecked, vacant Lakemoor homes and apartments can be a drag on the real estate market, holding Lakemoor 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.

Lakemoor Home Appreciation Rates

Homes have actually lost value in Lakemoor over the last then years, as home values have seen a decline of 28.02% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lakemoor 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, Lakemoor's appreciation rate, at 3.61%, has been at or slightly above the national average. In the latest quarter, Lakemoor's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$199,772

Lakemoor, IL HOME PRICES

Value Range
> $1,084,000 1.1
$813,001 - $1,084,000 0.2
$542,001 - $813,000 2.1
$434,001 - $542,000 3.3
$325,001 - $434,000 11.4
$217,001 - $325,000 24.7
$108,001 - $217,000 43.0
$54,001 - $108,000 10.5
$0 - $54,000 3.7

High for IL
High for Nation

Value Relative to Nation Value Relative to State
32.3039962498535 24.9367088607595

Number Of Homes And Apartments:
2,281

Lakemoor 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
-1.01% -0.06% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,431 / per month

Homeownership Rate

Homeownership
Owners 69.22
Renters 30.78
Vacant 11.42

Housing Market Details

 

Age of Homes

AGE OF Lakemoor HOMES
2000 or Newer 38.2
1970 - 1999 46.4
1940 - 1969 13.4
1939 or Older 2.0

Types of Homes

TYPE OF Lakemoor HOMES
Single-Family 50.2
Townhomes 18.9
Small Apt. Buildings 5.1
Apt. Complexes 17.2
Mobile Homes 8.2
Other 0.4

Home Size

SIZE OF Lakemoor HOMES
No Bedroom 0.19
1 Bedroom 12.85
2 Bedrooms 31.07
3 Bedrooms 33.05
4 Bedrooms 19.81
5 or more bedrooms 3.03