Lincolnwood, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lincolnwood Neighborhoods Since 2000




Lincolnwood, 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

Lincolnwood Housing Market Information

With 12,646 people, 4,243 houses or apartments, and a median cost of homes of $425,760, Lincolnwood house prices are not only among the most expensive in Illinois, Lincolnwood 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 Lincolnwood, accounting for 78.54% of the village's housing units. Other types of housing that are prevalent in Lincolnwood include large apartment complexes or high rise apartments ( 13.95%), row houses and other attached homes ( 4.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lincolnwood. Owner-occupied housing accounts for 84.96% of Lincolnwood's homes, and 69.46% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lincolnwood's housing was primarily built during this period, from the '40s through the '60s. A full 69.24% of the village's housing hails from this era. Other housing ages represented in Lincolnwood include homes built between 1970-1999 ( 19.32%) and housing constructed between 2000 and later ( 5.97%). There's also some housing in Lincolnwood built before 1939 ( 5.46%).

Lincolnwood Home Appreciation Rates

Homes have actually lost value in Lincolnwood over the last then years, as home values have seen a decline of 22.60% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lincolnwood home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Lincolnwood that despite a nationwide downturn in the housing market, Lincolnwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lincolnwood appreciation rates continue to be some of the highest in America, at 7.87%, which is higher than appreciation rates in 86.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lincolnwood. Lincolnwood appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Lincolnwood's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$425,760

Lincolnwood, IL HOME PRICES

Value Range
> $1,187,000 5.3
$890,001 - $1,187,000 5.6
$594,001 - $890,000 14.7
$474,001 - $594,000 14.1
$356,001 - $474,000 30.1
$237,001 - $356,000 18.8
$119,001 - $237,000 8.1
$59,001 - $119,000 1.5
$0 - $59,000 1.8

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
8.32063752490332 4.81012658227848

Number Of Homes And Apartments:
4,243

Lincolnwood 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
22.49% 1.18% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,998 / per month

Homeownership Rate

Homeownership
Owners 84.96
Renters 15.04
Vacant 6.52

Housing Market Details

 

Age of Homes

AGE OF Lincolnwood HOMES
2000 or Newer 6.0
1970 - 1999 19.3
1940 - 1969 69.2
1939 or Older 5.5

Types of Homes

TYPE OF Lincolnwood HOMES
Single-Family 78.5
Townhomes 4.6
Small Apt. Buildings 2.8
Apt. Complexes 13.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Lincolnwood HOMES
No Bedroom 0.77
1 Bedroom 3.81
2 Bedrooms 15.42
3 Bedrooms 48.18
4 Bedrooms 21.28
5 or more bedrooms 10.53