Lincolnshire IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Lincolnshire, 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 Q3 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 about Scout's Real Estate Data

Lincolnshire Housing Market Information

With 7,893 people, 3,097 houses or apartments, and a median cost of homes of $683,407, 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 52.25% of the village's housing units. Other types of housing that are prevalent in Lincolnshire include large apartment complexes or high rise apartments ( 38.36%), row houses and other attached homes ( 8.84%).

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 78.88% of Lincolnshire's homes, and 48.67% 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 ( 32.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.53%).

Lincolnshire Home Appreciation Rates

Lincolnshire's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lincolnshire during the period has been just 0.95%, which is lower than 80% of US communities.

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 2.07%, 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 1.05%, which equates to an annual appreciation rate of 4.27%.

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

Average Home Values

 

Median Home Value:
$683,407

Lincolnshire, IL HOME PRICES

Value Range
> $1,052,000 9.6
$789,001 - $1,052,000 13.6
$526,001 - $789,000 38.8
$421,001 - $526,000 13.9
$316,001 - $421,000 14.8
$210,001 - $316,000 5.4
$105,001 - $210,000 2.0
$53,001 - $105,000 0.9
$0 - $53,000 0.9

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
3.86569343065693 1.77215189873418

Number Of Homes And Apartments:
3,097

Lincolnshire Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
25.21% 1.09%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,297 / per month

Homeownership Rate

Homeownership
Owners 78.88
Renters 21.12
Vacant 5.26

Housing Market Details

 

Age of Homes

AGE OF Lincolnshire HOMES
2000 or Newer 32.6
1970 - 1999 49.3
1940 - 1969 17.5
1939 or Older 0.5

Types of Homes

TYPE OF Lincolnshire HOMES
Single-Family 52.2
Townhomes 8.8
Small Apt. Buildings 0.6
Apt. Complexes 38.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lincolnshire HOMES
No Bedroom 1.90
1 Bedroom 6.24
2 Bedrooms 36.46
3 Bedrooms 17.47
4 Bedrooms 31.20
5 or more bedrooms 6.73