Loves Park, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Loves Park Neighborhoods Since 2000




Loves Park, 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

Loves Park Housing Market Information

With a population of 23,455, 9,664 total housing units (homes and apartments), and a median house value of $96,370, house prices in Loves Park are solidly below the national average.

Single-family detached homes are the single most common housing type in Loves Park, accounting for 61.61% of the city's housing units. Other types of housing that are prevalent in Loves Park include duplexes, homes converted to apartments or other small apartment buildings ( 15.15%), row houses and other attached homes ( 9.75%), and a few large apartment complexes or high rise apartments ( 7.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Loves Park. Owner-occupied housing accounts for 68.65% of Loves Park's homes, and 54.82% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Loves Park 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 Loves Park built between 1940-1969 ( 29.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.39%). There's also some housing in Loves Park built before 1939 ( 5.03%).

Loves Park Home Appreciation Rates

Homes have actually lost value in Loves Park over the last then years, as home values have seen a decline of 19.46% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Loves Park home appreciation rates at -1.84%, which equates to an annual appreciation rate of -7.16%.

NeighborhoodScout's data show that during the latest twelve months, Loves Park's appreciation rate, at 4.41%, has been at or slightly above the national average. In the latest quarter, Loves Park's appreciation rate has been -1.84%, which annualizes to a rate of -7.16%.

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

Relative to Illinois, our data show that Loves Park's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$96,370

Loves Park, IL HOME PRICES

Value Range
> $1,015,000 0.2
$762,001 - $1,015,000 0.1
$508,001 - $762,000 0.8
$406,001 - $508,000 0.6
$305,001 - $406,000 1.1
$203,001 - $305,000 4.3
$102,001 - $203,000 50.2
$51,001 - $102,000 34.9
$0 - $51,000 7.9

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
79.9425758818704 74.1772151898734

Number Of Homes And Apartments:
9,664

Loves Park 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
-0.10% -0.01% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$888 / per month

Homeownership Rate

Homeownership
Owners 68.65
Renters 31.35
Vacant 6.21

Housing Market Details

 

Age of Homes

AGE OF Loves Park HOMES
2000 or Newer 19.4
1970 - 1999 45.9
1940 - 1969 29.6
1939 or Older 5.0

Types of Homes

TYPE OF Loves Park HOMES
Single-Family 61.6
Townhomes 9.8
Small Apt. Buildings 15.1
Apt. Complexes 7.5
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Loves Park HOMES
No Bedroom 1.67
1 Bedroom 8.26
2 Bedrooms 33.32
3 Bedrooms 42.14
4 Bedrooms 12.68
5 or more bedrooms 1.93