Illinois
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Illinois Real Estate Values & Housing Market 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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$197,128

Number Of Homes And Apartments:
4,802,124

Illinois Home Prices

Value Range
> $1,121,633 1.4
$841,372 - $1,121,633 1.4
$560,741 - $841,371 4.3
$448,625 - $560,740 4.5
$336,452 - $448,624 9.9
$224,377 - $336,451 19.8
$112,080 - $224,376 33.9
$56,040 - $112,079 17.1
$0 - $56,039 7.7

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q4 - 2018 Q1
0.47% 1.87%
3
Last 12 Months:
2017 Q1 - 2018 Q1
3.70% 3.70%
2
Last 2 Years:
2016 Q1 - 2018 Q1
7.45% 3.66%
3
Last 5 Years:
2013 Q1 - 2018 Q1
17.29% 3.24%
4
Last 10 Years:
2008 Q1 - 2018 Q1
-6.27% -0.65%
1
Since 2000:
2000 Q1 - 2018 Q1
42.86% 2.00%
1
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,236 / per month

Homeownership Rate

Homeownership
Owners 64.41
Renters 35.59
Vacant 9.57

Housing Details

Age of Homes

AGE OF Illinois HOMES
2000 or Newer 12.4
1970 - 1999 34.3
1940 - 1969 31.1
1939 or Older 22.1

Types of Homes

TYPE OF Illinois HOMES
Single-Family 58.7
Townhomes 5.8
Small Apt. Buildings 12.3
Apt. Complexes 20.7
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Illinois HOMES
No Bedroom 2.73
1 Bedroom 11.50
2 Bedrooms 28.82
3 Bedrooms 36.54
4 Bedrooms 16.27
5 or more bedrooms 4.14