Lakemoor, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lakemoor, IL Real Estate Data


Lakemoor Housing Market Information

With 6,015 people, 2,360 houses or apartments, and a median cost of homes of $217,106, 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 50.15% of the village's housing units. Other types of housing that are prevalent in Lakemoor include large apartment complexes or high rise apartments ( 19.60%), row houses and other attached homes ( 18.14%), and a few mobile homes or trailers ( 9.01%).

Dwellings in Lakemoor tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.81% of the homes in Lakemoor have two or fewer bedrooms.

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 ( 39.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.50%). There's also some housing in Lakemoor built before 1939 ( 3.40%).

Lakemoor Home Appreciation Rates

Homes have actually lost value in Lakemoor over the last then years, as home values have seen a decline of 26.61% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lakemoor home appreciation rates at 1.63%, which equates to an annual appreciation rate of 6.69%.

NeighborhoodScout's data show that during the latest twelve months, Lakemoor's appreciation rate, at 5.25%, has been at or slightly above the national average. In the latest quarter, Lakemoor's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

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:
$217,106

Lakemoor, IL HOME PRICES

Value Range
> $1,089,000 0.7
$816,001 - $1,089,000 0.2
$544,001 - $816,000 3.0
$435,001 - $544,000 4.3
$327,001 - $435,000 12.6
$217,001 - $327,000 24.5
$109,001 - $217,000 41.6
$54,001 - $109,000 9.0
$0 - $54,000 4.0

High for IL
High for Nation

Value Relative to Nation Value Relative to State
29.1795982900978 21.8987341772152

Number Of Homes And Apartments:
2,360

Rent & Ownership

 

Average Market Rent:
$1,238 / per month

Homeownership Rate

Homeownership
Owners 65.51
Renters 34.49
Vacant 9.85

Housing Market Details

 

Age of Homes

AGE OF Lakemoor HOMES
2000 or Newer 39.6
1970 - 1999 45.5
1940 - 1969 11.5
1939 or Older 3.4

Types of Homes

TYPE OF Lakemoor HOMES
Single-Family 50.2
Townhomes 18.1
Small Apt. Buildings 3.1
Apt. Complexes 19.6
Mobile Homes 9.0
Other 0.0

Home Size

SIZE OF Lakemoor HOMES
No Bedroom 0.31
1 Bedroom 12.95
2 Bedrooms 36.55
3 Bedrooms 31.02
4 Bedrooms 15.85
5 or more bedrooms 3.32

Lakemoor Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
1.70% 0.10% 1 1
* 10 is highest