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 Q2 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:
$200,446

Number Of Homes And Apartments:
4,802,124

Illinois Home Prices

Value Range
> $1,140,731 1.4
$855,564 - $1,140,731 1.4
$570,232 - $855,563 4.3
$456,274 - $570,231 4.5
$342,244 - $456,273 9.9
$228,043 - $342,243 19.8
$114,028 - $228,042 33.9
$57,001 - $114,027 17.1
$0 - $57,000 7.7

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q1 - 2018 Q2
1.23% 5.01%
2
Last 12 Months:
2017 Q2 - 2018 Q2
3.71% 3.71%
2
Last 2 Years:
2016 Q2 - 2018 Q2
7.46% 3.66%
2
Last 5 Years:
2013 Q2 - 2018 Q2
18.13% 3.39%
4
Last 10 Years:
2008 Q2 - 2018 Q2
-3.06% -0.31%
1
Since 2000:
2000 Q1 - 2018 Q2
44.77% 2.05%
1
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,266 / 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