Monee, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Monee Neighborhoods Since 2000




Monee, 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

Monee Housing Market Information

With a population of 5,082, 1,948 total housing units (homes and apartments), and a median house value of $161,678, Monee 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 Monee, accounting for 61.60% of the village's housing units. Other types of housing that are prevalent in Monee include mobile homes or trailers ( 18.31%), row houses and other attached homes ( 12.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monee. Owner-occupied housing accounts for 91.63% of Monee's homes, and 78.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Monee 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 Monee built between 2000 and later ( 32.48%). A lesser amount of the housing stock also hails from before 1939 ( 4.76%). There's also some housing in Monee built between 1940-1969 ( 4.23%).

Monee Home Appreciation Rates

Homes have actually lost value in Monee over the last then years, as home values have seen a decline of 29.49% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Monee home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Monee appreciation rates have trailed the rest of the nation. In the last twelve months, Monee's appreciation rate has been 1.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monee were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$161,678

Monee, IL HOME PRICES

Value Range
> $1,022,000 0.6
$767,001 - $1,022,000 1.0
$511,001 - $767,000 3.9
$409,001 - $511,000 0.7
$306,001 - $409,000 11.0
$205,001 - $306,000 13.8
$102,001 - $205,000 44.5
$51,001 - $102,000 8.1
$0 - $51,000 16.4

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
44.9431618422595 37.4683544303797

Number Of Homes And Apartments:
1,948

Monee 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
-3.24% -0.19% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,503 / per month

Homeownership Rate

Homeownership
Owners 91.63
Renters 8.37
Vacant 6.39

Housing Market Details

 

Age of Homes

AGE OF Monee HOMES
2000 or Newer 32.5
1970 - 1999 58.5
1940 - 1969 4.2
1939 or Older 4.8

Types of Homes

TYPE OF Monee HOMES
Single-Family 61.6
Townhomes 12.9
Small Apt. Buildings 7.2
Apt. Complexes 0.0
Mobile Homes 18.3
Other 0.0

Home Size

SIZE OF Monee HOMES
No Bedroom 0.72
1 Bedroom 1.54
2 Bedrooms 17.30
3 Bedrooms 57.52
4 Bedrooms 20.86
5 or more bedrooms 2.07