Pontoon Beach, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pontoon Beach, IL Real Estate Data


Pontoon Beach Housing Market Information

With a population of 5,637, 2,210 total housing units (homes and apartments), and a median house value of $91,027, house prices in Pontoon Beach are solidly below the national average.

Single-family detached homes are the single most common housing type in Pontoon Beach, accounting for 53.10% of the village's housing units. Other types of housing that are prevalent in Pontoon Beach include mobile homes or trailers ( 24.43%), duplexes, homes converted to apartments or other small apartment buildings ( 14.88%), and a few large apartment complexes or high rise apartments ( 6.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pontoon Beach. Owner-occupied housing accounts for 68.33% of Pontoon Beach's homes, and 68.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pontoon Beach 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 Pontoon Beach built between 1940-1969 ( 30.89%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.13%). There's also some housing in Pontoon Beach built before 1939 ( 2.73%).

Vacant housing appears to be an issue in Pontoon Beach. Fully 13.91% of the housing stock is classified as vacant. Left unchecked, vacant Pontoon Beach homes and apartments can be a drag on the real estate market, holding Pontoon Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Pontoon Beach Home Appreciation Rates

Real estate appreciation rates in Pontoon Beach's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.58% during the period.

NeighborhoodScout's data show that during the latest twelve months, Pontoon Beach's appreciation rate, at 4.93%, has been at or slightly above the national average. In the latest quarter, Pontoon Beach's appreciation rate has been 1.28%, which annualizes to a rate of 5.23%.

Relative to Illinois, our data show that Pontoon Beach's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$91,027

Pontoon Beach, IL HOME PRICES

Value Range
> $1,075,000 0.0
$806,001 - $1,075,000 0.0
$537,001 - $806,000 0.3
$430,001 - $537,000 0.1
$322,001 - $430,000 0.9
$215,001 - $322,000 11.9
$107,001 - $215,000 25.0
$54,001 - $107,000 34.7
$0 - $54,000 27.0

Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
84.739708379692 79.873417721519

Number Of Homes And Apartments:
2,210

Rent & Ownership

 

Average Market Rent:
$830 / per month

Homeownership Rate

Homeownership
Owners 68.33
Renters 31.67
Vacant 13.91

Housing Market Details

 

Age of Homes

AGE OF Pontoon Beach HOMES
2000 or Newer 16.1
1970 - 1999 50.3
1940 - 1969 30.9
1939 or Older 2.7

Types of Homes

TYPE OF Pontoon Beach HOMES
Single-Family 53.1
Townhomes 1.4
Small Apt. Buildings 14.9
Apt. Complexes 6.2
Mobile Homes 24.4
Other 0.0

Home Size

SIZE OF Pontoon Beach HOMES
No Bedroom 0.00
1 Bedroom 3.16
2 Bedrooms 28.63
3 Bedrooms 61.16
4 Bedrooms 7.05
5 or more bedrooms 0.00

Pontoon Beach 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
22.04% 1.18% 4 2
* 10 is highest

Popular Neighborhoods in Pontoon Beach

Zip Codes in Pontoon Beach, IL