Mundelein, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mundelein, IL Real Estate Data


Mundelein Housing Market Information

With 31,582 people, 10,808 houses or apartments, and a median cost of homes of $262,522, Mundelein real estate is some of the most expensive in Illinois, although Mundelein home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Mundelein, accounting for 67.56% of the village's housing units. Other types of housing that are prevalent in Mundelein include large apartment complexes or high rise apartments ( 18.07%), row houses and other attached homes ( 12.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.88%).

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 75.28% of Mundelein's homes, and 63.70% 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 ( 28.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.56%). There's also some housing in Mundelein built before 1939 ( 3.99%).

Mundelein Home Appreciation Rates

Homes have actually lost value in Mundelein over the last then years, as home values have seen a decline of 21.89% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mundelein home appreciation rates at 1.63%, which equates to an annual appreciation rate of 6.69%.

NeighborhoodScout's data show that during the latest twelve months, Mundelein's appreciation rate, at 4.98%, has been at or slightly above the national average. In the latest quarter, Mundelein's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that Mundelein's latest annual appreciation rate is higher than 60% 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.

Average Home Values

 

Median Home Value:
$262,522

Mundelein, IL HOME PRICES

Value Range
> $1,126,000 0.4
$844,001 - $1,126,000 0.4
$563,001 - $844,000 2.2
$450,001 - $563,000 5.0
$338,001 - $450,000 16.5
$225,001 - $338,000 29.2
$113,001 - $225,000 40.0
$56,001 - $113,000 3.2
$0 - $56,000 3.2

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
21.3210751302922 14.5569620253165

Number Of Homes And Apartments:
10,808

Rent & Ownership

 

Average Market Rent:
$1,398 / per month

Homeownership Rate

Homeownership
Owners 75.28
Renters 24.72
Vacant 6.01

Housing Market Details

 

Age of Homes

AGE OF Mundelein HOMES
2000 or Newer 10.6
1970 - 1999 56.9
1940 - 1969 28.6
1939 or Older 4.0

Types of Homes

TYPE OF Mundelein HOMES
Single-Family 67.6
Townhomes 12.2
Small Apt. Buildings 1.9
Apt. Complexes 18.1
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Mundelein HOMES
No Bedroom 0.32
1 Bedroom 7.97
2 Bedrooms 24.10
3 Bedrooms 39.96
4 Bedrooms 23.74
5 or more bedrooms 3.90

Mundelein 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
9.20% 0.52% 2 1
* 10 is highest