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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pontiac, IL Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pontiac, IL Housing Market Trends

With a population of 11,085, 4,609 total housing units (homes and apartments), and a median house value of $141,273, house prices in Pontiac are solidly below the national average.

Single-family detached homes are the single most common housing type in Pontiac, accounting for 64.63% of the city's housing units. Other types of housing that are prevalent in Pontiac include large apartment complexes or high rise apartments ( 15.21%), duplexes, homes converted to apartments or other small apartment buildings ( 10.55%), and a few mobile homes or trailers ( 6.45%).

The most prevalent building size and type in Pontiac are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.56% owning and 47.44% renting.

There is a lot of housing in Pontiac 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 Pontiac built between 1940-1969 ( 32.49%). A lesser amount of the housing stock also hails from before 1939 ( 25.23%). There's also some housing in Pontiac built between 2000 and later ( 7.83%).

Pontiac Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Pontiac, where house values have increased just 35.87%, which is annualized rate of 3.11%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Pontiac appreciation rates have trailed the rest of the nation. In the last twelve months, Pontiac's appreciation rate has been 4.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pontiac were at 1.05%, which equates to an annual appreciation rate of 4.25%.

Relative to Illinois, our data show that Pontiac's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$141,273

Pontiac, IL Home Prices
> $1,290,000
$967,001 - $1,290,000
$645,001 - $967,000
$516,001 - $645,000
$387,001 - $516,000
$258,001 - $387,000
$129,001 - $258,000
$64,001 - $129,000
$0 - $64,000
0.5%
0.5%
0.6%
0.6%
0.5%
0.5%
1.8%
1.8%
1.0%
1.0%
7.9%
7.9%
44.2%
44.2%
32.3%
32.3%
11.4%
11.4%
0% 100.0%
% of Homes
Low

for Illinois

Very Low

for nation

Number of Homes And Apartments:

4,609

Pontiac Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,177 / per month

Homeownership Rate

Owners
Renters
52.6%
52.6%
47.4%
47.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.5%
6.5%
93.5%
93.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.8%
7.8%
34.5%
34.5%
32.5%
32.5%
25.2%
25.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.6%
64.6%
3.2%
3.2%
10.5%
10.5%
15.2%
15.2%
6.4%
6.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
12.7%
12.7%
31.5%
31.5%
39.6%
39.6%
12.3%
12.3%
3.1%
3.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Pontiac

Zip Codes in Pontiac, IL