Oakbrook Terrace, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Oakbrook Terrace Neighborhoods Since 2000




Oakbrook Terrace, IL Real Estate Data


Oakbrook Terrace Housing Market Information

With a population of 2,164, 968 total housing units (homes and apartments), and a median house value of $233,335, Oakbrook Terrace real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Oakbrook Terrace, accounting for 51.69% of the city's housing units. Other types of housing that are prevalent in Oakbrook Terrace include large apartment complexes or high rise apartments ( 44.94%), row houses and other attached homes ( 2.41%).

People in Oakbrook Terrace primarily live in small (one, two or no bedroom) single-family detached homes. Oakbrook Terrace has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Oakbrook Terrace 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 Oakbrook Terrace built between 1940-1969 ( 37.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.44%).

Oakbrook Terrace Home Appreciation Rates

Homes have actually lost value in Oakbrook Terrace over the last then years, as home values have seen a decline of 32.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Oakbrook Terrace home appreciation rates at 1.63%, which equates to an annual appreciation rate of 6.69%.

Over the last year, Oakbrook Terrace appreciation rates have trailed the rest of the nation. In the last twelve months, Oakbrook Terrace's appreciation rate has been 4.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Oakbrook Terrace were at 1.63%, which equates to an annual appreciation rate of 6.69%.

Relative to Illinois, our data show that Oakbrook Terrace's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$233,335

Oakbrook Terrace, IL HOME PRICES

Value Range
> $1,085,000 1.9
$814,001 - $1,085,000 0.7
$542,001 - $814,000 3.5
$434,001 - $542,000 6.9
$326,001 - $434,000 10.6
$217,001 - $326,000 24.9
$108,001 - $217,000 32.1
$54,001 - $108,000 17.2
$0 - $54,000 2.2

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
25.9354687591497 19.1139240506329

Number Of Homes And Apartments:
968

Rent & Ownership

 

Average Market Rent:
$1,491 / per month

Homeownership Rate

Homeownership
Owners 50.62
Renters 49.38
Vacant 6.65

Housing Market Details

 

Age of Homes

AGE OF Oakbrook Terrace HOMES
2000 or Newer 4.4
1970 - 1999 57.6
1940 - 1969 37.5
1939 or Older 0.5

Types of Homes

TYPE OF Oakbrook Terrace HOMES
Single-Family 51.7
Townhomes 2.4
Small Apt. Buildings 1.0
Apt. Complexes 44.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oakbrook Terrace HOMES
No Bedroom 3.18
1 Bedroom 17.65
2 Bedrooms 30.67
3 Bedrooms 36.26
4 Bedrooms 10.90
5 or more bedrooms 1.35

Oakbrook Terrace 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
5.66% 0.32% 2 1
* 10 is highest

Popular Neighborhoods in Oakbrook Terrace

Zip Codes in Oakbrook Terrace, IL