Peotone, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Peotone Neighborhoods Since 2000




Peotone, 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

Peotone Housing Market Information

With 4,120 people, 1,424 houses or apartments, and a median cost of homes of $202,668, Peotone real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Peotone, accounting for 76.05% of the village's housing units. Other types of housing that are prevalent in Peotone include duplexes, homes converted to apartments or other small apartment buildings ( 12.52%), large apartment complexes or high rise apartments ( 6.63%), and a few row houses and other attached homes ( 4.80%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Peotone. Owner-occupied housing accounts for 79.71% of Peotone's homes, and 63.46% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Peotone 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 Peotone built between 1940-1969 ( 22.73%). A lesser amount of the housing stock also hails from before 1939 ( 21.04%). There's also some housing in Peotone built between 2000 and later ( 20.16%).

Peotone Home Appreciation Rates

Homes have actually lost value in Peotone over the last then years, as home values have seen a decline of 19.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Peotone home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Peotone appreciation rates have trailed the rest of the nation. In the last twelve months, Peotone's appreciation rate has been 1.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Peotone were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$202,668

Peotone, IL HOME PRICES

Value Range
> $1,031,000 1.9
$773,001 - $1,031,000 0.3
$515,001 - $773,000 1.9
$412,001 - $515,000 2.1
$309,001 - $412,000 10.3
$206,001 - $309,000 28.8
$103,001 - $206,000 49.1
$52,001 - $103,000 3.2
$0 - $52,000 2.4

High for IL
High for Nation

Value Relative to Nation Value Relative to State
31.6418610101957 23.9240506329114

Number Of Homes And Apartments:
1,424

Peotone 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
9.85% 0.55% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,009 / per month

Homeownership Rate

Homeownership
Owners 79.71
Renters 20.29
Vacant 3.65

Housing Market Details

 

Age of Homes

AGE OF Peotone HOMES
2000 or Newer 20.2
1970 - 1999 36.1
1940 - 1969 22.7
1939 or Older 21.0

Types of Homes

TYPE OF Peotone HOMES
Single-Family 76.0
Townhomes 4.8
Small Apt. Buildings 12.5
Apt. Complexes 6.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Peotone HOMES
No Bedroom 0.00
1 Bedroom 2.57
2 Bedrooms 28.96
3 Bedrooms 51.96
4 Bedrooms 11.50
5 or more bedrooms 5.01