Lindenhurst IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Lindenhurst, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Lindenhurst Housing Market Information

With a population of 14,328, 5,148 total housing units (homes and apartments), and a median house value of $248,193, Lindenhurst real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lindenhurst, accounting for 78.98% of the village's housing units. Other types of housing that are prevalent in Lindenhurst include row houses and other attached homes ( 10.77%), large apartment complexes or high rise apartments ( 8.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lindenhurst. Owner-occupied housing accounts for 82.42% of Lindenhurst's homes, and 69.27% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lindenhurst 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 Lindenhurst built between 2000 and later ( 16.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.42%).

Lindenhurst Home Appreciation Rates

Homes have actually lost value in Lindenhurst over the last then years, as home values have seen a decline of 1.59% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lindenhurst home appreciation rates at 1.29%, which equates to an annual appreciation rate of 5.24%.

Over the last year, Lindenhurst appreciation rates have trailed the rest of the nation. In the last twelve months, Lindenhurst's appreciation rate has been 2.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lindenhurst were at 1.29%, which equates to an annual appreciation rate of 5.24%.

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

Average Home Values

 

Median Home Value:
$248,193

Lindenhurst, IL HOME PRICES

Value Range
> $1,148,000 0.5
$861,001 - $1,148,000 0.0
$574,001 - $861,000 2.0
$459,001 - $574,000 3.7
$344,001 - $459,000 11.3
$230,001 - $344,000 34.5
$115,001 - $230,000 43.7
$57,001 - $115,000 2.1
$0 - $57,000 2.2

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
28.1985401459854 18.6075949367089

Number Of Homes And Apartments:
5,148

Lindenhurst Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
10.59% 0.51%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,925 / per month

Homeownership Rate

Homeownership
Owners 82.42
Renters 17.58
Vacant 2.35

Housing Market Details

 

Age of Homes

AGE OF Lindenhurst HOMES
2000 or Newer 16.4
1970 - 1999 70.3
1940 - 1969 12.4
1939 or Older 0.9

Types of Homes

TYPE OF Lindenhurst HOMES
Single-Family 79.0
Townhomes 10.8
Small Apt. Buildings 1.3
Apt. Complexes 8.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Lindenhurst HOMES
No Bedroom 1.18
1 Bedroom 3.41
2 Bedrooms 21.26
3 Bedrooms 38.26
4 Bedrooms 31.01
5 or more bedrooms 4.87