Illinois
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Top Ten Highest Appreciating IL Cities Since 2000




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 Q2 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

Average Home Values

Median Home Value:
$194,080

Number Of Homes And Apartments:
4,786,388

Illinois Home Prices

Value Range
> $1,122,000 1.3
$842,001 - $1,122,000 1.3
$561,001 - $842,000 4.2
$449,001 - $561,000 4.3
$337,001 - $449,000 9.8
$224,001 - $337,000 20.0
$112,001 - $224,000 34.2
$56,001 - $112,000 17.1
$0 - $56,000 7.8

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q1 - 2017 Q2
1.57% 6.43% 3
Last 12 Months:
2016 Q2 - 2017 Q2
3.69% 3.69% 3
Last 2 Years:
2015 Q2 - 2017 Q2
6.94% 3.41% 3
Last 5 Years:
2012 Q2 - 2017 Q2
15.72% 2.96% 3
Last 10 Years:
2007 Q2 - 2017 Q2
-8.68% -0.90% 2
Since 2000:
2000 Q1 - 2017 Q2
40.43% 1.99% 1
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,207 / per month

Homeownership Rate

Homeownership
Owners 64.84
Renters 35.16
Vacant 9.75

Housing Details

Age of Homes

AGE OF Illinois HOMES
2000 or Newer 12.2
1970 - 1999 34.2
1940 - 1969 31.3
1939 or Older 22.4

Types of Homes

TYPE OF Illinois HOMES
Single-Family 58.6
Townhomes 5.8
Small Apt. Buildings 12.4
Apt. Complexes 20.5
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Illinois HOMES
No Bedroom 2.63
1 Bedroom 11.58
2 Bedrooms 28.89
3 Bedrooms 36.70
4 Bedrooms 16.09
5 or more bedrooms 4.12