Minooka, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Minooka Neighborhoods Since 2000




Minooka, IL Real Estate Data


Minooka Housing Market Information

With 11,243 people, 3,551 houses or apartments, and a median cost of homes of $224,704, Minooka real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Minooka, accounting for 68.56% of the village's housing units. Other types of housing that are prevalent in Minooka include row houses and other attached homes ( 25.82%), duplexes, homes converted to apartments or other small apartment buildings ( 2.88%), and a few large apartment complexes or high rise apartments ( 2.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Minooka. Owner-occupied housing accounts for 83.52% of Minooka's homes, and 75.21% have either three or four bedrooms, which is average sized relative to America.

Minooka homes and real estate are some of the newest in America. 63.46% of Minooka's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Minooka real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.97%), and between 1940-1969 ( 4.46%). There's also some housing in Minooka built before 1939 ( 1.11%).

Minooka Home Appreciation Rates

Minooka's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Minooka during the period has been just -1.74%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Minooka's appreciation rate, at 4.95%, has been at or slightly above the national average. In the latest quarter, Minooka's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that Minooka's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$224,704

Minooka, IL HOME PRICES

Value Range
> $1,161,000 0.1
$871,001 - $1,161,000 0.2
$581,001 - $871,000 0.8
$464,001 - $581,000 1.9
$348,001 - $464,000 7.6
$233,001 - $348,000 35.1
$117,001 - $233,000 39.9
$58,001 - $117,000 6.2
$0 - $58,000 8.1

High for IL
High for Nation

Value Relative to Nation Value Relative to State
27.610235989928 20.506329113924

Number Of Homes And Apartments:
3,551

Rent & Ownership

 

Average Market Rent:
$1,525 / per month

Homeownership Rate

Homeownership
Owners 83.52
Renters 16.48
Vacant 6.26

Housing Market Details

 

Age of Homes

AGE OF Minooka HOMES
2000 or Newer 63.5
1970 - 1999 31.0
1940 - 1969 4.5
1939 or Older 1.1

Types of Homes

TYPE OF Minooka HOMES
Single-Family 68.6
Townhomes 25.8
Small Apt. Buildings 2.9
Apt. Complexes 2.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Minooka HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 18.69
3 Bedrooms 43.69
4 Bedrooms 31.52
5 or more bedrooms 6.10

Minooka 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
15.96% 0.87% 3 2
* 10 is highest