Pontoon Beach, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pontoon Beach, 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

Pontoon Beach Housing Market Information

With a population of 5,637, 2,237 total housing units (homes and apartments), and a median house value of $82,335, house prices in Pontoon Beach are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in Pontoon Beach, accounting for 54.57% of the village's housing units. Other types of housing that are prevalent in Pontoon Beach include mobile homes or trailers ( 25.23%), duplexes, homes converted to apartments or other small apartment buildings ( 13.37%), and a few large apartment complexes or high rise apartments ( 5.74%).

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 67.69% of Pontoon Beach's homes, and 69.22% 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 ( 32.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.58%). There's also some housing in Pontoon Beach built before 1939 ( 4.31%).

Vacant housing appears to be an issue in Pontoon Beach. Fully 15.52% 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

Pontoon Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pontoon Beach during the period has been just -1.16%, which is lower than 70% of US communities.

Over the last year, Pontoon Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Pontoon Beach's appreciation rate has been -0.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pontoon Beach were at 1.03%, which equates to an annual appreciation rate of 4.19%.

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

Average Home Values

 

Median Home Value:
$82,335

Pontoon Beach, IL HOME PRICES

Value Range
> $1,031,000 0.0
$773,001 - $1,031,000 0.0
$516,001 - $773,000 0.3
$412,001 - $516,000 0.1
$309,001 - $412,000 0.8
$206,001 - $309,000 11.9
$103,001 - $206,000 20.9
$51,001 - $103,000 38.5
$0 - $51,000 27.4

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
88.9692956756123 86.0126582278481

Number Of Homes And Apartments:
2,237

Pontoon Beach 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
15.10% 0.82% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$942 / per month

Homeownership Rate

Homeownership
Owners 67.69
Renters 32.31
Vacant 15.52

Housing Market Details

 

Age of Homes

AGE OF Pontoon Beach HOMES
2000 or Newer 16.6
1970 - 1999 46.8
1940 - 1969 32.3
1939 or Older 4.3

Types of Homes

TYPE OF Pontoon Beach HOMES
Single-Family 54.6
Townhomes 1.1
Small Apt. Buildings 13.4
Apt. Complexes 5.7
Mobile Homes 25.2
Other 0.0

Home Size

SIZE OF Pontoon Beach HOMES
No Bedroom 0.00
1 Bedroom 3.21
2 Bedrooms 27.11
3 Bedrooms 61.25
4 Bedrooms 7.97
5 or more bedrooms 0.45

Popular Neighborhoods in Pontoon Beach

Zip Codes in Pontoon Beach, IL