McLeansboro, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating McLeansboro Neighborhoods Since 2000




McLeansboro, 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

McLeansboro Housing Market Information

With 2,792 people, 1,278 houses or apartments, and a median cost of homes of $62,014, house prices in McLeansboro are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in McLeansboro, accounting for 71.46% of the city's housing units. Other types of housing that are prevalent in McLeansboro include mobile homes or trailers ( 12.73%), duplexes, homes converted to apartments or other small apartment buildings ( 8.13%), and a few large apartment complexes or high rise apartments ( 7.23%).

People in McLeansboro primarily live in small (one, two or no bedroom) single-family detached homes. McLeansboro has a mixture of owner-occupied and renter-occupied housing.

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. McLeansboro's housing was primarily built during this period, from the '40s through the '60s. A full 39.23% of the city's housing hails from this era. Other housing ages represented in McLeansboro include homes built between 1970-1999 ( 32.00%) and housing constructed before 1939 ( 16.49%). There's also some housing in McLeansboro built between 2000 and later ( 12.27%).

McLeansboro Home Appreciation Rates

Appreciation rates for homes in McLeansboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.58%, which ranks in the top 40% nationwide. This equates to an annual average McLeansboro house appreciation rate of 0.64%.

Over the last year, McLeansboro appreciation rates have trailed the rest of the nation. In the last twelve months, McLeansboro's appreciation rate has been 2.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McLeansboro were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$62,014

McLeansboro, IL HOME PRICES

Value Range
> $1,051,000 0.0
$788,001 - $1,051,000 0.0
$526,001 - $788,000 0.0
$421,001 - $526,000 0.0
$315,001 - $421,000 0.9
$210,001 - $315,000 3.8
$105,001 - $210,000 20.7
$53,001 - $105,000 34.6
$0 - $53,000 40.0

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
97.5975624047814 97.4683544303797

Number Of Homes And Apartments:
1,278

McLeansboro 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
28.17% 1.45% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$703 / per month

Homeownership Rate

Homeownership
Owners 64.88
Renters 35.12
Vacant 3.77

Housing Market Details

 

Age of Homes

AGE OF McLeansboro HOMES
2000 or Newer 12.3
1970 - 1999 32.0
1940 - 1969 39.2
1939 or Older 16.5

Types of Homes

TYPE OF McLeansboro HOMES
Single-Family 71.5
Townhomes 0.5
Small Apt. Buildings 8.1
Apt. Complexes 7.2
Mobile Homes 12.7
Other 0.0

Home Size

SIZE OF McLeansboro HOMES
No Bedroom 2.33
1 Bedroom 7.30
2 Bedrooms 48.34
3 Bedrooms 30.35
4 Bedrooms 11.30
5 or more bedrooms 0.38

Popular Neighborhoods in McLeansboro

Zip Codes in McLeansboro, IL