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 Q4 2017. 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:
$195,997

Number Of Homes And Apartments:
4,802,124

Illinois Home Prices

Value Range
> $1,113,000 0.9
$835,001 - $1,113,000 1.5
$556,001 - $835,000 4.7
$445,001 - $556,000 4.8
$334,001 - $445,000 10.4
$223,001 - $334,000 20.3
$111,001 - $223,000 33.1
$56,001 - $111,000 16.2
$0 - $56,000 7.5

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2017 Q3 - 2017 Q4
0.31% 1.25%
2
Last 12 Months:
2016 Q4 - 2017 Q4
3.44% 3.44%
2
Last 2 Years:
2015 Q4 - 2017 Q4
7.38% 3.63%
3
Last 5 Years:
2012 Q4 - 2017 Q4
16.04% 3.02%
3
Last 10 Years:
2007 Q4 - 2017 Q4
-7.05% -0.73%
1
Since 2000:
2000 Q1 - 2017 Q4
42.26% 2.01%
1
* 10 is highest


Rent & Homeownership

Average Market Rent:
$1,221 / 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