Lincolnwood, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Lincolnwood, IL Housing Market Trends

With 12,245 people, 4,298 houses or apartments, and a median cost of homes of $453,745, 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 73.37% of the village's housing units. Other types of housing that are prevalent in Lincolnwood include large apartment complexes or high rise apartments ( 16.27%), duplexes, homes converted to apartments or other small apartment buildings ( 5.31%), and a few row houses and other attached homes ( 4.76%).

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 82.87% of Lincolnwood's homes, and 70.11% 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 69.35% of the village's housing hails from this era. Other housing ages represented in Lincolnwood include homes built between 1970-1999 ( 16.38%) and housing constructed between 2000 and later ( 8.42%). There's also some housing in Lincolnwood built before 1939 ( 5.85%).

Lincolnwood Home Appreciation Rates

Lincolnwood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lincolnwood during the period has been just 2.72%, which is lower than 70% of US communities.

Over the last year, Lincolnwood appreciation rates have trailed the rest of the nation. In the last twelve months, Lincolnwood's appreciation rate has been 4.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lincolnwood were at 1.88%, which equates to an annual appreciation rate of 7.75%.

Notably, Lincolnwood's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$453,745

Lincolnwood, IL HOME PRICES

> $1,097,000
3.3%
3.3%
$823,001 - $1,097,000
6.5%
6.5%
$549,001 - $823,000
19.1%
19.1%
$439,001 - $549,000
19.6%
19.6%
$329,001 - $439,000
28.9%
28.9%
$219,001 - $329,000
17.6%
17.6%
$110,001 - $219,000
3.1%
3.1%
$55,001 - $110,000
0.5%
0.5%
$0 - $55,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for IL

Value Relative To Nation

Number Of Homes And Apartments:
4,298

Lincolnwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
31.95% 1.30%
4
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,845 / per month

Homeownership Rate

Owners
82.9%
82.9%
Renters
17.1%
17.1%
Vacant
9.5%
9.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.4%
8.4%
1970 - 1999
16.4%
16.4%
1940 - 1969
69.3%
69.3%
1939 or Older
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.4%
73.4%
Townhomes
4.8%
4.8%
Small Apt. Buildings
5.3%
5.3%
Apt. Complexes
16.3%
16.3%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.9%
1.9%
1 Bedroom
5.1%
5.1%
2 Bedrooms
14.4%
14.4%
3 Bedrooms
47.5%
47.5%
4 Bedrooms
22.7%
22.7%
5 or more bedrooms
8.5%
8.5%
0.0% 100.0%
% OF HOMES