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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Average Home Values

Median Home Value:
$203,027

Number Of Homes And Apartments:
4,818,452

Illinois Home Prices

Value Range
> $1,118,743 1.5
$839,180 - $1,118,743 1.5
$559,407 - $839,179 4.6
$447,417 - $559,406 4.7
$335,762 - $447,416 10.3
$223,811 - $335,761 20.0
$111,912 - $223,810 33.3
$56,001 - $111,911 16.6
$0 - $56,000 7.6

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2018 Q4 - 2019 Q1
0.69% 2.78%
4
Last 12 Months:
2018 Q1 - 2019 Q1
2.62% 2.62%
2
Last 2 Years:
2017 Q1 - 2019 Q1
6.72% 3.31%
2
Last 5 Years:
2014 Q1 - 2019 Q1
18.16% 3.39%
3
Last 10 Years:
2009 Q1 - 2019 Q1
2.05% 0.20%
1
Since 2000:
2000 Q1 - 2019 Q1
46.22% 2.02%
1
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,266 / per month

Homeownership Rate

Homeownership
Owners 64.56
Renters 35.44
Vacant 9.68

Housing Details

Age of Homes

AGE OF Illinois HOMES
2000 or Newer 12.7
1970 - 1999 34.4
1940 - 1969 31.1
1939 or Older 21.8

Types of Homes

TYPE OF Illinois HOMES
Single-Family 58.9
Townhomes 5.7
Small Apt. Buildings 12.1
Apt. Complexes 20.7
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Illinois HOMES
No Bedroom 2.87
1 Bedroom 11.36
2 Bedrooms 28.64
3 Bedrooms 36.55
4 Bedrooms 16.39
5 or more bedrooms 4.20