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Illinois
Real Estate Appreciation & Housing Market Trends






Illinois Real Estate Market & Appreciation

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value

$281,060

Number Of Homes And Apartments:

4,895,456

Illinois Home Prices

> $1,301,504
$976,166 - $1,301,504
$650,709 - $976,165
$520,596 - $650,708
$390,446 - $520,595
$260,266 - $390,445
$130,166 - $260,265
$65,089 - $130,165
$0 - $65,088
1.8%
1.8%
2.0%
2.0%
6.1%
6.1%
6.3%
6.3%
13.3%
13.3%
22.9%
22.9%
29.3%
29.3%
12.4%
12.4%
5.9%
5.9%
0% 100.0%
% of Homes

Illinois Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,919 / per month

Homeownership Rate

Owners
Renters
Vacant
65.0%
65.0%
35.0%
35.0%
8.9%
8.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.6%
14.6%
34.6%
34.6%
29.9%
29.9%
20.9%
20.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.5%
58.5%
5.9%
5.9%
12.0%
12.0%
21.2%
21.2%
2.3%
2.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.9%
2.9%
11.4%
11.4%
28.0%
28.0%
36.3%
36.3%
16.8%
16.8%
4.6%
4.6%
0% 100.0%
% of Homes