Illinois
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Illinois Real Estate Market & Appreciation

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$213,798

Number Of Homes And Apartments:
4,846,134

Illinois Home Prices

> $1,112,950
1.7%
1.7%
$834,848 - $1,112,950
1.8%
1.8%
$556,456 - $834,847
5.1%
5.1%
$445,227 - $556,455
5.3%
5.3%
$333,917 - $445,226
11.4%
11.4%
$222,522 - $333,916
21.2%
21.2%
$111,256 - $222,521
32.0%
32.0%
$55,661 - $111,255
15.0%
15.0%
$0 - $55,660
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
1.17% 4.76%
1
Last 12 Months:
2019 Q4 - 2020 Q4
3.08% 3.08%
1
Last 2 Years:
2018 Q4 - 2020 Q4
7.00% 3.44%
1
Last 5 Years:
2015 Q4 - 2020 Q4
15.23% 2.88%
1
Last 10 Years:
2010 Q4 - 2020 Q4
16.53% 1.54%
1
Since 2000:
2000 Q1 - 2020 Q4
51.78% 2.03%
1
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,358 / per month

Homeownership Rate

Owners
64.5%
64.5%
Renters
35.5%
35.5%
Vacant
9.6%
9.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
13.5%
13.5%
1970 - 1999
34.5%
34.5%
1940 - 1969
30.5%
30.5%
1939 or Older
21.4%
21.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.8%
58.8%
Townhomes
5.8%
5.8%
Small Apt. Buildings
12.1%
12.1%
Apt. Complexes
20.9%
20.9%
Mobile Homes
2.4%
2.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.0%
3.0%
1 Bedroom
11.2%
11.2%
2 Bedrooms
28.4%
28.4%
3 Bedrooms
36.4%
36.4%
4 Bedrooms
16.6%
16.6%
5 or more bedrooms
4.4%
4.4%
0.0% 100.0%
% OF HOMES