Northbrook, IL


Highest Appreciating Northbrook Neighborhoods Since 2000

Northbrook, 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 Q3 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

Northbrook Housing Market Information

With a population of 33,663, 12,466 total housing units (homes and apartments), and a median house value of $553,786, 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 -0.69%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Northbrook's appreciation rate, at 4.42%, has been at or slightly above the national average. In the latest quarter, Northbrook's appreciation rate has been 1.25%, which annualizes to a rate of 5.09%.

Relative to Illinois, our data show that Northbrook's latest annual appreciation rate is higher 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 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:

Northbrook, IL HOME PRICES

Value Range
> $1,144,000 6.9
$858,001 - $1,144,000 10.7
$572,001 - $858,000 33.8
$458,001 - $572,000 13.3
$343,001 - $458,000 14.4
$229,001 - $343,000 9.8
$114,001 - $229,000 7.3
$57,001 - $114,000 1.0
$0 - $57,000 2.8

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
5.11739563206277 3.0379746835443

Number Of Homes And Apartments:

Northbrook Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
40.28% 1.93% 8 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,470 / per month

Homeownership Rate

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