McHenry, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating McHenry Neighborhoods Since 2000




McHenry, 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

McHenry Housing Market Information

With a population of 26,657, 10,204 total housing units (homes and apartments), and a median house value of $213,736, McHenry real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in McHenry, accounting for 68.44% of the city's housing units. Other types of housing that are prevalent in McHenry include large apartment complexes or high rise apartments ( 15.68%), row houses and other attached homes ( 8.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McHenry. Owner-occupied housing accounts for 72.19% of McHenry's homes, and 56.59% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in McHenry 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 McHenry built between 2000 and later ( 21.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.85%). There's also some housing in McHenry built before 1939 ( 4.91%).

McHenry Home Appreciation Rates

Homes have actually lost value in McHenry over the last then years, as home values have seen a decline of 27.69% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows McHenry home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, McHenry's appreciation rate, at 3.82%, has been at or slightly above the national average. In the latest quarter, McHenry's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that McHenry's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$213,736

McHenry, IL HOME PRICES

Value Range
> $1,115,000 0.3
$836,001 - $1,115,000 0.4
$558,001 - $836,000 2.5
$446,001 - $558,000 4.2
$335,001 - $446,000 9.1
$223,001 - $335,000 22.8
$111,001 - $223,000 47.1
$56,001 - $111,000 9.3
$0 - $56,000 4.3

High for IL
High for Nation

Value Relative to Nation Value Relative to State
29.0636352982538 21.1392405063291

Number Of Homes And Apartments:
10,204

McHenry 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
-0.87% -0.05% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,375 / per month

Homeownership Rate

Homeownership
Owners 72.19
Renters 27.81
Vacant 6.30

Housing Market Details

 

Age of Homes

AGE OF McHenry HOMES
2000 or Newer 21.7
1970 - 1999 52.5
1940 - 1969 20.9
1939 or Older 4.9

Types of Homes

TYPE OF McHenry HOMES
Single-Family 68.4
Townhomes 8.8
Small Apt. Buildings 7.1
Apt. Complexes 15.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF McHenry HOMES
No Bedroom 0.86
1 Bedroom 8.24
2 Bedrooms 30.75
3 Bedrooms 39.97
4 Bedrooms 16.62
5 or more bedrooms 3.55