Ottawa, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ottawa Neighborhoods Since 2000




Ottawa, 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

Ottawa Housing Market Information

With a population of 18,342, 7,605 total housing units (homes and apartments), and a median house value of $164,046, Ottawa real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Ottawa, accounting for 67.64% of the city's housing units. Other types of housing that are prevalent in Ottawa include duplexes, homes converted to apartments or other small apartment buildings ( 13.39%), large apartment complexes or high rise apartments ( 12.16%), and a few row houses and other attached homes ( 4.41%).

The most prevalent building size and type in Ottawa are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.32% owning and 39.68% renting.

There is a lot of housing in Ottawa 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 Ottawa built between 1940-1969 ( 30.84%). A lesser amount of the housing stock also hails from before 1939 ( 27.07%). There's also some housing in Ottawa built between 2000 and later ( 9.59%).

Vacant housing appears to be an issue in Ottawa. Fully 12.20% of the housing stock is classified as vacant. Left unchecked, vacant Ottawa homes and apartments can be a drag on the real estate market, holding Ottawa real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ottawa Home Appreciation Rates

Ottawa's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ottawa during the period has been just -1.24%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ottawa's appreciation rate, at 3.46%, has been at or slightly above the national average. In the latest quarter, Ottawa's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Illinois, our data show that Ottawa's latest annual appreciation rate is higher than 60% 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 Ottawa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ottawa - 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 Ottawa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$164,046

Ottawa, IL HOME PRICES

Value Range
> $1,071,000 0.0
$803,001 - $1,071,000 0.4
$535,001 - $803,000 0.5
$428,001 - $535,000 1.3
$321,001 - $428,000 3.4
$214,001 - $321,000 14.8
$107,001 - $214,000 46.7
$54,001 - $107,000 25.0
$0 - $54,000 7.8

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
44.0466424469706 36.2025316455696

Number Of Homes And Apartments:
7,605

Ottawa 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
16.92% 0.91% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$901 / per month

Homeownership Rate

Homeownership
Owners 60.32
Renters 39.68
Vacant 12.20

Housing Market Details

 

Age of Homes

AGE OF Ottawa HOMES
2000 or Newer 9.6
1970 - 1999 32.5
1940 - 1969 30.8
1939 or Older 27.1

Types of Homes

TYPE OF Ottawa HOMES
Single-Family 67.6
Townhomes 4.4
Small Apt. Buildings 13.4
Apt. Complexes 12.2
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Ottawa HOMES
No Bedroom 1.50
1 Bedroom 12.69
2 Bedrooms 33.44
3 Bedrooms 38.93
4 Bedrooms 11.83
5 or more bedrooms 1.60