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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 40,780 people, 17,043 houses or apartments, and a median cost of homes of $107,790, house prices in Quincy are solidly below the national average.
Single-family detached homes are the single most common housing type in Quincy, accounting for 69.08% of the city's housing units. Other types of housing that are prevalent in Quincy include duplexes, homes converted to apartments or other small apartment buildings ( 14.32%), large apartment complexes or high rise apartments ( 10.40%), and a few row houses and other attached homes ( 4.16%).
People in Quincy primarily live in small (one, two or no bedroom) single-family detached homes. Quincy has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Quincy's housing was primarily built during this period, from the '40s through the '60s. A full 38.83% of the city's housing hails from this era. Other housing ages represented in Quincy include homes built before 1939 ( 27.66%) and housing constructed between 1970-1999 ( 23.49%). There's also some housing in Quincy built between 2000 and later ( 10.01%).
Vacant housing appears to be an issue in Quincy. Fully 11.16% of the housing stock is classified as vacant. Left unchecked, vacant Quincy homes and apartments can be a drag on the real estate market, holding Quincy 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.
In the last 10 years, Quincy has experienced some of the highest home appreciation rates of any community in the nation. Quincy real estate appreciated 15.77% over the last ten years, which is an average annual home appreciation rate of 1.48%, putting Quincy in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Quincy definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Quincy appreciation rates have trailed the rest of the nation. In the last twelve months, Quincy's appreciation rate has been 1.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Quincy were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Relative to Illinois, our data show that Quincy's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Quincy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Quincy - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Quincy real estate investment or home purchase decisions.
|$809,001 - $1,079,000||0.2|
|$540,001 - $809,000||0.6|
|$432,001 - $540,000||0.6|
|$324,001 - $432,000||2.1|
|$216,001 - $324,000||7.7|
|$108,001 - $216,000||33.1|
|$54,001 - $108,000||40.8|
|$0 - $54,000||14.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Quincy HOMES|
|2000 or Newer||10.0|
|1970 - 1999||23.5|
|1940 - 1969||38.8|
|1939 or Older||27.7|
|TYPE OF Quincy HOMES|
|Small Apt. Buildings||14.3|
|SIZE OF Quincy HOMES|
|5 or more bedrooms||3.50|