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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 31,560 people, 11,178 houses or apartments, and a median cost of homes of $316,284, Mundelein real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Mundelein, accounting for 67.48% of the village's housing units. Other types of housing that are prevalent in Mundelein include large apartment complexes or high rise apartments ( 18.18%), row houses and other attached homes ( 12.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.87%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mundelein. Owner-occupied housing accounts for 71.43% of Mundelein's homes, and 63.14% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mundelein 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 Mundelein built between 1940-1969 ( 31.28%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.00%). There's also some housing in Mundelein built before 1939 ( 2.73%).
Mundelein's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mundelein during the period has been just 4.71%, which is lower than 70% of US communities.
Over the last year, Mundelein appreciation rates have trailed the rest of the nation. In the last twelve months, Mundelein's appreciation rate has been 1.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mundelein were at 3.21%, which equates to an annual appreciation rate of 13.48%.
Relative to Illinois, our data show that Mundelein's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.
One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Mundelein differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mundelein - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mundelein real estate investment or home purchase decisions.
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