Pontiac, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pontiac, 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

Pontiac Housing Market Information

With a population of 11,794, 4,282 total housing units (homes and apartments), and a median house value of $109,782, 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 65.29% of the city's housing units. Other types of housing that are prevalent in Pontiac include large apartment complexes or high rise apartments ( 15.22%), duplexes, homes converted to apartments or other small apartment buildings ( 10.57%), and a few row houses and other attached homes ( 4.65%).

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 52.64% owning and 47.36% 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 ( 31.78%). A lesser amount of the housing stock also hails from before 1939 ( 26.65%). There's also some housing in Pontiac built between 2000 and later ( 5.13%).

Pontiac Home Appreciation Rates

Real estate appreciation rates in Pontiac's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.20% during the period.

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 0.29%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

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:
$109,782

Pontiac, IL HOME PRICES

Value Range
> $1,001,000 0.0
$751,001 - $1,001,000 0.0
$501,001 - $751,000 3.1
$400,001 - $501,000 0.0
$300,001 - $400,000 0.0
$201,001 - $300,000 5.4
$100,001 - $201,000 39.7
$50,001 - $100,000 42.3
$0 - $50,000 9.6

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
71.5399039024962 64.3037974683544

Number Of Homes And Apartments:
4,282

Pontiac 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
21.18% 1.12% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$816 / per month

Homeownership Rate

Homeownership
Owners 52.64
Renters 47.36
Vacant 6.53

Housing Market Details

 

Age of Homes

AGE OF Pontiac HOMES
2000 or Newer 5.1
1970 - 1999 36.4
1940 - 1969 31.8
1939 or Older 26.7

Types of Homes

TYPE OF Pontiac HOMES
Single-Family 65.3
Townhomes 4.6
Small Apt. Buildings 10.6
Apt. Complexes 15.2
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Pontiac HOMES
No Bedroom 0.96
1 Bedroom 13.84
2 Bedrooms 31.06
3 Bedrooms 40.86
4 Bedrooms 11.07
5 or more bedrooms 2.20

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Zip Codes in Pontiac, IL