Illinois
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA






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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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:
$209,355

Number Of Homes And Apartments:
4,803,782

Illinois Home Prices

> $1,133,117
1.6%
1.6%
$849,785 - $1,133,117
1.6%
1.6%
$566,538 - $849,784
4.9%
4.9%
$453,174 - $566,537
5.0%
5.0%
$339,914 - $453,173
10.8%
10.8%
$226,599 - $339,913
20.5%
20.5%
$113,356 - $226,598
32.7%
32.7%
$56,642 - $113,355
15.8%
15.8%
$0 - $56,641
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q2 - 2020 Q3
1.10% 4.49%
2
Last 12 Months:
2019 Q3 - 2020 Q3
2.36% 2.36%
1
Last 2 Years:
2018 Q3 - 2020 Q3
5.57% 2.75%
1
Last 5 Years:
2015 Q3 - 2020 Q3
14.57% 2.76%
1
Last 10 Years:
2010 Q3 - 2020 Q3
14.60% 1.37%
1
Since 2000:
2000 Q1 - 2020 Q3
50.27% 2.01%
1
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,312 / per month

Homeownership Rate

Owners
64.5%
64.5%
Renters
35.5%
35.5%
Vacant
9.7%
9.7%
0.0% 100.0%
% OF HOMES

Housing Details

Age of Homes

2000 or Newer
13.1%
13.1%
1970 - 1999
34.4%
34.4%
1940 - 1969
30.7%
30.7%
1939 or Older
21.7%
21.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.8%
58.8%
Townhomes
5.7%
5.7%
Small Apt. Buildings
12.1%
12.1%
Apt. Complexes
20.8%
20.8%
Mobile Homes
2.5%
2.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
11.3%
11.3%
2 Bedrooms
28.5%
28.5%
3 Bedrooms
36.5%
36.5%
4 Bedrooms
16.5%
16.5%
5 or more bedrooms
4.3%
4.3%
0.0% 100.0%
% OF HOMES