Pontiac, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pontiac, IL Real Estate Data


Pontiac Housing Market Information

With a population of 11,794, 4,311 total housing units (homes and apartments), and a median house value of $112,442, 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 66.01% of the city's housing units. Other types of housing that are prevalent in Pontiac include large apartment complexes or high rise apartments ( 14.53%), duplexes, homes converted to apartments or other small apartment buildings ( 10.74%), and a few row houses and other attached homes ( 4.77%).

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 54.03% owning and 45.97% 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 ( 31.34%). A lesser amount of the housing stock also hails from before 1939 ( 27.61%). There's also some housing in Pontiac built between 2000 and later ( 5.51%).

Pontiac Home Appreciation Rates

Appreciation rates for homes in Pontiac have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.01%, which ranks in the top 50% nationwide. This equates to an annual average Pontiac house appreciation rate of 0.30%.

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 4.22%, 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 -0.08%, which equates to an annual appreciation rate of -0.30%.

Notably, Pontiac's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$112,442

Pontiac, IL HOME PRICES

Value Range
> $1,038,000 0.2
$779,001 - $1,038,000 0.0
$519,001 - $779,000 1.5
$415,001 - $519,000 0.0
$311,001 - $415,000 0.8
$208,001 - $311,000 6.0
$104,001 - $208,000 40.2
$52,001 - $104,000 40.1
$0 - $52,000 11.1

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
70.791122562511 63.7974683544304

Number Of Homes And Apartments:
4,311

Rent & Ownership

 

Average Market Rent:
$802 / per month

Homeownership Rate

Homeownership
Owners 54.03
Renters 45.97
Vacant 6.12

Housing Market Details

 

Age of Homes

AGE OF Pontiac HOMES
2000 or Newer 5.5
1970 - 1999 35.5
1940 - 1969 31.3
1939 or Older 27.6

Types of Homes

TYPE OF Pontiac HOMES
Single-Family 66.0
Townhomes 4.8
Small Apt. Buildings 10.7
Apt. Complexes 14.5
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Pontiac HOMES
No Bedroom 1.28
1 Bedroom 12.37
2 Bedrooms 32.95
3 Bedrooms 39.83
4 Bedrooms 11.56
5 or more bedrooms 2.00

Pontiac Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
24.48% 1.30% 5 2
* 10 is highest

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Zip Codes in Pontiac, IL