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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lincolnshire, IL Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lincolnshire, IL Housing Market Trends

With 7,922 people, 3,334 houses or apartments, and a median cost of homes of $819,109, Lincolnshire house prices are not only among the most expensive in Illinois, Lincolnshire 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 Lincolnshire, accounting for 48.54% of the village's housing units. Other types of housing that are prevalent in Lincolnshire include large apartment complexes or high rise apartments ( 36.79%), row houses and other attached homes ( 13.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lincolnshire. Owner-occupied housing accounts for 76.19% of Lincolnshire's homes, and 48.51% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lincolnshire 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 Lincolnshire built between 2000 and later ( 39.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.23%).

Lincolnshire Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Lincolnshire, where house values have increased just 32.29%, which is annualized rate of 2.84%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Lincolnshire appreciation rates have trailed the rest of the nation. In the last twelve months, Lincolnshire's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lincolnshire were at 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to Illinois, our data show that Lincolnshire's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$819,109

Lincolnshire, IL Home Prices
> $1,189,000
$891,001 - $1,189,000
$595,001 - $891,000
$476,001 - $595,000
$357,001 - $476,000
$238,001 - $357,000
$119,001 - $238,000
$59,001 - $119,000
$0 - $59,000
12.9%
12.9%
21.4%
21.4%
40.0%
40.0%
12.8%
12.8%
6.4%
6.4%
4.0%
4.0%
0.6%
0.6%
1.1%
1.1%
0.8%
0.8%
0% 100.0%
% of Homes
Very High

for Illinois

Very High

for nation

Number of Homes And Apartments:

3,334

Lincolnshire Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,656 / per month

Homeownership Rate

Owners
Renters
76.2%
76.2%
23.8%
23.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.4%
5.4%
94.6%
94.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
39.6%
39.6%
46.4%
46.4%
13.2%
13.2%
0.7%
0.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
48.5%
48.5%
13.8%
13.8%
0.9%
0.9%
36.8%
36.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.2%
2.2%
11.0%
11.0%
29.3%
29.3%
23.6%
23.6%
24.9%
24.9%
8.9%
8.9%
0% 100.0%
% of Homes

Popular Neighborhoods in Lincolnshire

Zip Codes in Lincolnshire, IL