Mundelein, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mundelein, 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

Mundelein Housing Market Information

With 31,582 people, 10,965 houses or apartments, and a median cost of homes of $239,509, 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 67.71% of the village's housing units. Other types of housing that are prevalent in Mundelein include large apartment complexes or high rise apartments ( 17.07%), row houses and other attached homes ( 13.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.53%).

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 74.97% of Mundelein's homes, and 63.11% 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 ( 28.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.81%). There's also some housing in Mundelein built before 1939 ( 3.49%).

Mundelein Home Appreciation Rates

Homes have actually lost value in Mundelein over the last then years, as home values have seen a decline of 21.17% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mundelein home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Mundelein's appreciation rate, at 5.05%, has been at or slightly above the national average. In the latest quarter, Mundelein's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Mundelein's latest annual appreciation rate is higher than 80% 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:
$239,509

Mundelein, IL HOME PRICES

Value Range
> $1,147,000 0.7
$860,001 - $1,147,000 0.5
$573,001 - $860,000 2.8
$458,001 - $573,000 4.2
$344,001 - $458,000 15.8
$229,001 - $344,000 27.9
$114,001 - $229,000 40.8
$57,001 - $114,000 4.2
$0 - $57,000 3.3

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
24.1532872377827 16.4556962025316

Number Of Homes And Apartments:
10,965

Mundelein 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
9.48% 0.53% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,619 / per month

Homeownership Rate

Homeownership
Owners 74.97
Renters 25.03
Vacant 5.98

Housing Market Details

 

Age of Homes

AGE OF Mundelein HOMES
2000 or Newer 11.8
1970 - 1999 56.2
1940 - 1969 28.5
1939 or Older 3.5

Types of Homes

TYPE OF Mundelein HOMES
Single-Family 67.7
Townhomes 13.4
Small Apt. Buildings 1.5
Apt. Complexes 17.1
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Mundelein HOMES
No Bedroom 0.27
1 Bedroom 7.01
2 Bedrooms 25.80
3 Bedrooms 38.40
4 Bedrooms 24.71
5 or more bedrooms 3.81