Libertyville IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Libertyville, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Libertyville Housing Market Information

With a population of 20,359, 7,491 total housing units (homes and apartments), and a median house value of $486,307, Libertyville house prices are not only among the most expensive in Illinois, Libertyville 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 Libertyville, accounting for 71.49% of the village's housing units. Other types of housing that are prevalent in Libertyville include large apartment complexes or high rise apartments ( 14.95%), row houses and other attached homes ( 7.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Libertyville. Owner-occupied housing accounts for 78.33% of Libertyville's homes, and 64.78% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Libertyville 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 Libertyville built between 1940-1969 ( 24.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.91%). There's also some housing in Libertyville built before 1939 ( 9.54%).

Libertyville Home Appreciation Rates

Libertyville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Libertyville during the period has been just 1.50%, which is lower than 70% of US communities.

Over the last year, Libertyville appreciation rates have trailed the rest of the nation. In the last twelve months, Libertyville's appreciation rate has been 3.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Libertyville were at 0.92%, which equates to an annual appreciation rate of 3.75%.

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

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Libertyville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Libertyville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Libertyville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$486,307

Libertyville, IL HOME PRICES

Value Range
> $1,093,000 3.6
$820,001 - $1,093,000 9.2
$546,001 - $820,000 29.1
$437,001 - $546,000 17.7
$328,001 - $437,000 22.6
$219,001 - $328,000 11.6
$109,001 - $219,000 4.4
$55,001 - $109,000 0.7
$0 - $55,000 1.1

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
8.04087591240876 3.92405063291139

Number Of Homes And Apartments:
7,491

Libertyville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
52.13% 2.09%
9
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,075 / per month

Homeownership Rate

Homeownership
Owners 78.33
Renters 21.67
Vacant 4.95

Housing Market Details

 

Age of Homes

AGE OF Libertyville HOMES
2000 or Newer 9.9
1970 - 1999 55.8
1940 - 1969 24.8
1939 or Older 9.5

Types of Homes

TYPE OF Libertyville HOMES
Single-Family 71.5
Townhomes 8.0
Small Apt. Buildings 5.5
Apt. Complexes 14.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Libertyville HOMES
No Bedroom 0.43
1 Bedroom 6.90
2 Bedrooms 16.95
3 Bedrooms 28.07
4 Bedrooms 36.71
5 or more bedrooms 10.94