Mendota, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mendota Neighborhoods Since 2000




Mendota, 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

Mendota Housing Market Information

With 7,204 people, 2,690 houses or apartments, and a median cost of homes of $144,343, Mendota real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Mendota, accounting for 69.58% of the city's housing units. Other types of housing that are prevalent in Mendota include duplexes, homes converted to apartments or other small apartment buildings ( 14.12%), large apartment complexes or high rise apartments ( 10.46%), and a few mobile homes or trailers ( 4.54%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mendota. Owner-occupied housing accounts for 66.39% of Mendota's homes, and 54.54% 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. Mendota's housing was primarily built during this period, from the '40s through the '60s. A full 35.72% of the city's housing hails from this era. Other housing ages represented in Mendota include homes built before 1939 ( 32.75%) and housing constructed between 1970-1999 ( 25.13%). There's also some housing in Mendota built between 2000 and later ( 6.41%).

Vacant housing appears to be an issue in Mendota. Fully 12.09% of the housing stock is classified as vacant. Left unchecked, vacant Mendota homes and apartments can be a drag on the real estate market, holding Mendota real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mendota Home Appreciation Rates

Mendota's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mendota during the period has been just -1.39%, which is lower than 80% of US communities.

Over the last year, Mendota appreciation rates have trailed the rest of the nation. In the last twelve months, Mendota's appreciation rate has been -2.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mendota were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Mendota's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$144,343

Mendota, IL HOME PRICES

Value Range
> $998,000 0.0
$749,001 - $998,000 0.4
$500,001 - $749,000 1.1
$399,001 - $500,000 0.0
$300,001 - $399,000 2.7
$200,001 - $300,000 11.1
$100,001 - $200,000 46.2
$50,001 - $100,000 30.1
$0 - $50,000 8.5

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
52.5958045236142 43.6708860759494

Number Of Homes And Apartments:
2,690

Mendota 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
6.49% 0.37% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$764 / per month

Homeownership Rate

Homeownership
Owners 66.39
Renters 33.61
Vacant 12.09

Housing Market Details

 

Age of Homes

AGE OF Mendota HOMES
2000 or Newer 6.4
1970 - 1999 25.1
1940 - 1969 35.7
1939 or Older 32.7

Types of Homes

TYPE OF Mendota HOMES
Single-Family 69.6
Townhomes 1.3
Small Apt. Buildings 14.1
Apt. Complexes 10.5
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Mendota HOMES
No Bedroom 2.45
1 Bedroom 15.29
2 Bedrooms 26.96
3 Bedrooms 41.27
4 Bedrooms 13.27
5 or more bedrooms 0.75

Popular Neighborhoods in Mendota

Zip Codes in Mendota, IL