Naperville, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Naperville, IL Real Estate Data


Naperville Housing Market Information

With 147,100 people, 50,073 houses or apartments, and a median cost of homes of $406,592, Naperville house prices are not only among the most expensive in Illinois, Naperville real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Naperville, accounting for 63.75% of the city's housing units. Other types of housing that are prevalent in Naperville include large apartment complexes or high rise apartments ( 20.55%), row houses and other attached homes ( 12.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Naperville. Owner-occupied housing accounts for 74.76% of Naperville's homes, and 60.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Naperville 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 Naperville built between 2000 and later ( 14.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.71%). There's also some housing in Naperville built before 1939 ( 3.12%).

Naperville Home Appreciation Rates

Real estate appreciation rates in Naperville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.75% during the period.

Over the last year, Naperville appreciation rates have trailed the rest of the nation. In the last twelve months, Naperville's appreciation rate has been 1.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Naperville were at 0.10%, which equates to an annual appreciation rate of 0.40%.

Relative to Illinois, our data show that Naperville's latest annual appreciation rate is lower 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 city. Individual neighborhoods within Naperville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Naperville - 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 Naperville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$406,592

Naperville, IL HOME PRICES

Value Range
> $1,092,000 0.9
$819,001 - $1,092,000 3.1
$546,001 - $819,000 15.5
$437,001 - $546,000 20.7
$328,001 - $437,000 25.8
$218,001 - $328,000 17.7
$109,001 - $218,000 11.9
$54,001 - $109,000 2.2
$0 - $54,000 1.6

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
8.94175553732568 5.56962025316456

Number Of Homes And Apartments:
50,073

Rent & Ownership

 

Average Market Rent:
$1,689 / per month

Homeownership Rate

Homeownership
Owners 74.76
Renters 25.24
Vacant 5.33

Housing Market Details

 

Age of Homes

AGE OF Naperville HOMES
2000 or Newer 15.0
1970 - 1999 72.2
1940 - 1969 9.7
1939 or Older 3.1

Types of Homes

TYPE OF Naperville HOMES
Single-Family 63.7
Townhomes 12.1
Small Apt. Buildings 3.5
Apt. Complexes 20.5
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Naperville HOMES
No Bedroom 0.97
1 Bedroom 9.00
2 Bedrooms 22.01
3 Bedrooms 18.68
4 Bedrooms 41.35
5 or more bedrooms 7.98

Naperville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
35.28% 1.77% 8 4
* 10 is highest