McHenry, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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McHenry, IL Real Estate Data


McHenry Housing Market Information

With a population of 26,657, 10,194 total housing units (homes and apartments), and a median house value of $219,532, 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 68.83% of the city's housing units. Other types of housing that are prevalent in McHenry include large apartment complexes or high rise apartments ( 15.47%), row houses and other attached homes ( 8.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McHenry. Owner-occupied housing accounts for 74.37% of McHenry's homes, and 57.00% 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 ( 22.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.34%). There's also some housing in McHenry built before 1939 ( 4.51%).

McHenry Home Appreciation Rates

Homes have actually lost value in McHenry over the last then years, as home values have seen a decline of 27.00% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows McHenry home appreciation rates at 1.63%, which equates to an annual appreciation rate of 6.69%.

NeighborhoodScout's data show that during the latest twelve months, McHenry's appreciation rate, at 4.92%, has been at or slightly above the national average. In the latest quarter, McHenry's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that McHenry's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$219,532

McHenry, IL HOME PRICES

Value Range
> $1,106,000 0.4
$830,001 - $1,106,000 0.3
$553,001 - $830,000 3.5
$442,001 - $553,000 4.5
$332,001 - $442,000 8.4
$221,001 - $332,000 25.0
$111,001 - $221,000 45.1
$55,001 - $111,000 8.2
$0 - $55,000 4.5

High for IL
High for Nation

Value Relative to Nation Value Relative to State
28.6994202728817 21.1392405063291

Number Of Homes And Apartments:
10,194

Rent & Ownership

 

Average Market Rent:
$1,286 / per month

Homeownership Rate

Homeownership
Owners 74.37
Renters 25.63
Vacant 6.58

Housing Market Details

 

Age of Homes

AGE OF McHenry HOMES
2000 or Newer 22.0
1970 - 1999 52.1
1940 - 1969 21.3
1939 or Older 4.5

Types of Homes

TYPE OF McHenry HOMES
Single-Family 68.8
Townhomes 8.9
Small Apt. Buildings 6.8
Apt. Complexes 15.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF McHenry HOMES
No Bedroom 0.60
1 Bedroom 8.72
2 Bedrooms 30.48
3 Bedrooms 40.97
4 Bedrooms 16.03
5 or more bedrooms 3.20

McHenry Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-0.17% -0.01% 1 1
* 10 is highest