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 Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$251,663

Number Of Homes And Apartments:
4,884,061

Illinois Home Prices

> $1,207,726
$905,631 - $1,207,726
$603,685 - $905,630
$483,124 - $603,684
$362,327 - $483,123
$241,472 - $362,326
$120,783 - $241,471
$60,388 - $120,782
$0 - $60,387
1.8%
1.8%
1.9%
1.9%
5.7%
5.7%
5.9%
5.9%
12.6%
12.6%
22.4%
22.4%
30.6%
30.6%
13.2%
13.2%
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q4 - 2022 Q1
2.53% 10.53%
3
Last 12 Months:
2021 Q1 - 2022 Q1
13.50% 13.50%
2
Last 2 Years:
2020 Q1 - 2022 Q1
18.11% 8.68%
1
Last 5 Years:
2017 Q1 - 2022 Q1
28.17% 5.09%
1
Last 10 Years:
2012 Q1 - 2022 Q1
41.97% 3.57%
1
Since 2000:
2000 Q1 - 2022 Q1
73.91% 2.55%
1
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,541 / per month

Homeownership Rate

Owners
Renters
Vacant
64.7%
64.7%
35.3%
35.3%
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.0%
14.0%
34.8%
34.8%
30.3%
30.3%
21.0%
21.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.8%
58.8%
5.8%
5.8%
12.0%
12.0%
20.9%
20.9%
2.4%
2.4%
0.0%
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%
11.3%
11.3%
28.1%
28.1%
36.5%
36.5%
16.7%
16.7%
4.5%
4.5%
0.0% 100.0%
% OF HOMES