Oakbrook Terrace, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Oakbrook Terrace Neighborhoods Since 2000




Oakbrook Terrace, 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

Oakbrook Terrace Housing Market Information

With a population of 2,164, 1,050 total housing units (homes and apartments), and a median house value of $278,064, Oakbrook Terrace real estate is some of the most expensive in Illinois, although Oakbrook Terrace home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in Oakbrook Terrace, accounting for 50.95% of the city's housing units. Other types of housing that are prevalent in Oakbrook Terrace include single-family detached homes ( 45.34%), row houses and other attached homes ( 2.93%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Oakbrook Terrace primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. 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 ( 34.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.05%).

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 27.47% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Oakbrook Terrace home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

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 3.12%, 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 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Oakbrook Terrace's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$278,064

Oakbrook Terrace, IL HOME PRICES

Value Range
> $1,112,000 1.9
$834,001 - $1,112,000 0.6
$556,001 - $834,000 3.7
$444,001 - $556,000 6.3
$334,001 - $444,000 9.3
$223,001 - $334,000 27.2
$111,001 - $223,000 33.2
$56,001 - $111,000 15.9
$0 - $56,000 2.0

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
18.6979960154694 12.1518987341772

Number Of Homes And Apartments:
1,050

Oakbrook Terrace 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
8.50% 0.47% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,979 / per month

Homeownership Rate

Homeownership
Owners 50.00
Renters 50.00
Vacant 9.48

Housing Market Details

 

Age of Homes

AGE OF Oakbrook Terrace HOMES
2000 or Newer 4.1
1970 - 1999 60.9
1940 - 1969 34.6
1939 or Older 0.4

Types of Homes

TYPE OF Oakbrook Terrace HOMES
Single-Family 45.3
Townhomes 2.9
Small Apt. Buildings 0.8
Apt. Complexes 50.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Oakbrook Terrace HOMES
No Bedroom 4.31
1 Bedroom 20.26
2 Bedrooms 27.84
3 Bedrooms 35.52
4 Bedrooms 10.78
5 or more bedrooms 1.29

Popular Neighborhoods in Oakbrook Terrace

Zip Codes in Oakbrook Terrace, IL