Pittsfield, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pittsfield Neighborhoods Since 2000




Pittsfield, 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

Pittsfield Housing Market Information

With 4,485 people, 1,869 houses or apartments, and a median cost of homes of $99,990, house prices in Pittsfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Pittsfield, accounting for 77.73% of the city's housing units. Other types of housing that are prevalent in Pittsfield include duplexes, homes converted to apartments or other small apartment buildings ( 12.54%), large apartment complexes or high rise apartments ( 4.79%), and a few mobile homes or trailers ( 4.28%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Pittsfield's housing was primarily built during this period, from the '40s through the '60s. A full 40.27% of the city's housing hails from this era. Other housing ages represented in Pittsfield include homes built between 1970-1999 ( 31.70%) and housing constructed before 1939 ( 22.78%). There's also some housing in Pittsfield built between 2000 and later ( 5.25%).

Pittsfield Home Appreciation Rates

Appreciation rates for homes in Pittsfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.05%, which ranks in the top 30% nationwide. This equates to an annual average Pittsfield house appreciation rate of 0.96%.

Appreciation rates are so strong in Pittsfield that despite a nationwide downturn in the housing market, Pittsfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pittsfield appreciation rates continue to be some of the highest in America, at 6.17%, which is higher than appreciation rates in 75.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pittsfield. Pittsfield appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Pittsfield's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$99,990

Pittsfield, IL HOME PRICES

Value Range
> $1,102,000 0.0
$826,001 - $1,102,000 0.0
$551,001 - $826,000 0.3
$440,001 - $551,000 0.0
$330,001 - $440,000 1.8
$221,001 - $330,000 4.9
$110,001 - $221,000 28.6
$55,001 - $110,000 53.3
$0 - $55,000 11.0

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
77.5635767022149 71.3924050632911

Number Of Homes And Apartments:
1,869

Pittsfield 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
44.76% 2.17% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$639 / per month

Homeownership Rate

Homeownership
Owners 60.01
Renters 39.99
Vacant 4.74

Housing Market Details

 

Age of Homes

AGE OF Pittsfield HOMES
2000 or Newer 5.2
1970 - 1999 31.7
1940 - 1969 40.3
1939 or Older 22.8

Types of Homes

TYPE OF Pittsfield HOMES
Single-Family 77.7
Townhomes 0.7
Small Apt. Buildings 12.5
Apt. Complexes 4.8
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Pittsfield HOMES
No Bedroom 0.00
1 Bedroom 10.91
2 Bedrooms 40.21
3 Bedrooms 38.07
4 Bedrooms 9.94
5 or more bedrooms 0.87

Popular Neighborhoods in Pittsfield

Zip Codes in Pittsfield, IL