Northbrook, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Northbrook Neighborhoods Since 2000




Northbrook, IL Real Estate Data


Northbrook Housing Market Information

With a population of 33,663, 12,466 total housing units (homes and apartments), and a median house value of $531,727, Northbrook house prices are not only among the most expensive in Illinois, Northbrook 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 Northbrook, accounting for 71.54% of the village's housing units. Other types of housing that are prevalent in Northbrook include large apartment complexes or high rise apartments ( 15.49%), row houses and other attached homes ( 11.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Northbrook. Owner-occupied housing accounts for 85.61% of Northbrook's homes, and 62.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Northbrook 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 Northbrook built between 1940-1969 ( 42.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.58%). There's also some housing in Northbrook built before 1939 ( 4.08%).

Northbrook Home Appreciation Rates

Northbrook's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Northbrook during the period has been just -1.31%, which is lower than 70% of US communities.

Over the last year, Northbrook appreciation rates have trailed the rest of the nation. In the last twelve months, Northbrook's appreciation rate has been 1.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Northbrook were at 0.16%, which equates to an annual appreciation rate of 0.65%.

Relative to Illinois, our data show that Northbrook'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 village. Individual neighborhoods within Northbrook differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Northbrook - 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 Northbrook real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$531,727

Northbrook, IL HOME PRICES

Value Range
> $1,096,000 4.5
$822,001 - $1,096,000 10.7
$548,001 - $822,000 33.8
$438,001 - $548,000 13.3
$329,001 - $438,000 14.4
$219,001 - $329,000 9.8
$109,001 - $219,000 7.3
$55,001 - $109,000 1.0
$0 - $55,000 2.8

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
4.97480370326966 3.0379746835443

Number Of Homes And Apartments:
12,466

Rent & Ownership

 

Average Market Rent:
$2,441 / per month

Homeownership Rate

Homeownership
Owners 85.61
Renters 14.39
Vacant 5.55

Housing Market Details

 

Age of Homes

AGE OF Northbrook HOMES
2000 or Newer 10.6
1970 - 1999 43.3
1940 - 1969 42.1
1939 or Older 4.1

Types of Homes

TYPE OF Northbrook HOMES
Single-Family 71.5
Townhomes 11.3
Small Apt. Buildings 1.6
Apt. Complexes 15.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Northbrook HOMES
No Bedroom 0.64
1 Bedroom 4.40
2 Bedrooms 19.02
3 Bedrooms 27.66
4 Bedrooms 34.91
5 or more bedrooms 13.36

Northbrook 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
34.68% 1.74% 7 4
* 10 is highest