Markham, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Markham Neighborhoods Since 2000




Markham, 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

Markham Housing Market Information

With a population of 12,682, 4,644 total housing units (homes and apartments), and a median house value of $105,996, house prices in Markham are solidly below the national average.

Single-family detached homes are the single most common housing type in Markham, accounting for 96.34% of the city's housing units. Other types of housing that are prevalent in Markham include large apartment complexes or high rise apartments ( 1.98%), row houses and other attached homes ( 1.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Markham. Owner-occupied housing accounts for 71.80% of Markham's homes, and 77.13% 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. Markham's housing was primarily built during this period, from the '40s through the '60s. A full 67.60% of the city's housing hails from this era. Other housing ages represented in Markham include homes built between 1970-1999 ( 14.69%) and housing constructed between 2000 and later ( 12.33%). There's also some housing in Markham built before 1939 ( 5.38%).

Markham Home Appreciation Rates

Homes have actually lost value in Markham over the last then years, as home values have seen a decline of 32.25% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Markham home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Markham that despite a nationwide downturn in the housing market, Markham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Markham appreciation rates continue to be some of the highest in America, at 11.25%, which is higher than appreciation rates in 96.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Markham. Markham 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 Markham's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$105,996

Markham, IL HOME PRICES

Value Range
> $1,073,000 0.0
$805,001 - $1,073,000 0.4
$536,001 - $805,000 0.0
$429,001 - $536,000 0.0
$322,001 - $429,000 0.2
$214,001 - $322,000 3.8
$107,001 - $214,000 41.1
$54,001 - $107,000 39.5
$0 - $54,000 15.1

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
73.6552209070667 66.4556962025316

Number Of Homes And Apartments:
4,644

Markham 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
-6.07% -0.36% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,291 / per month

Homeownership Rate

Homeownership
Owners 71.80
Renters 28.20
Vacant 9.14

Housing Market Details

 

Age of Homes

AGE OF Markham HOMES
2000 or Newer 12.3
1970 - 1999 14.7
1940 - 1969 67.6
1939 or Older 5.4

Types of Homes

TYPE OF Markham HOMES
Single-Family 96.3
Townhomes 1.0
Small Apt. Buildings 0.4
Apt. Complexes 2.0
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Markham HOMES
No Bedroom 0.29
1 Bedroom 1.94
2 Bedrooms 19.21
3 Bedrooms 59.17
4 Bedrooms 17.96
5 or more bedrooms 1.43