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 Q1 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:
$190,046

Number Of Homes And Apartments:
4,786,388

Illinois Home Prices

Value Range
> $1,097,000 1.3
$823,001 - $1,097,000 1.3
$549,001 - $823,000 4.2
$439,001 - $549,000 4.3
$329,001 - $439,000 9.8
$219,001 - $329,000 20.0
$110,001 - $219,000 34.2
$55,001 - $110,000 17.1
$0 - $55,000 7.8

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2016 Q4 - 2017 Q1
0.08% 0.31% 3
Last 12 Months:
2016 Q1 - 2017 Q1
3.35% 3.35% 3
Last 2 Years:
2015 Q1 - 2017 Q1
6.20% 3.05% 3
Last 5 Years:
2012 Q1 - 2017 Q1
12.42% 2.37% 3
Last 10 Years:
2007 Q1 - 2017 Q1
-10.47% -1.10% 2
Since 2000:
2000 Q1 - 2017 Q1
38.16% 1.92% 1
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,179 / 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