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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 24,190, 8,983 total housing units (homes and apartments), and a median house value of $229,941, Rolling Meadows real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Rolling Meadows, accounting for 51.64% of the city's housing units. Other types of housing that are prevalent in Rolling Meadows include large apartment complexes or high rise apartments ( 34.98%), row houses and other attached homes ( 8.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.85%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rolling Meadows. Owner-occupied housing accounts for 70.17% of Rolling Meadows's homes, and 48.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rolling Meadows built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rolling Meadows built between 1940-1969 ( 44.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.48%).
Homes have actually lost value in Rolling Meadows over the last then years, as home values have seen a decline of 23.63% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rolling Meadows home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.
Over the last year, Rolling Meadows appreciation rates have trailed the rest of the nation. In the last twelve months, Rolling Meadows's appreciation rate has been 2.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rolling Meadows were at 0.43%, which equates to an annual appreciation rate of 1.74%.
Relative to Illinois, our data show that Rolling Meadows's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rolling Meadows differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rolling Meadows - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rolling Meadows real estate investment or home purchase decisions.
|$840,001 - $1,121,000||0.7|
|$560,001 - $840,000||6.2|
|$448,001 - $560,000||5.7|
|$336,001 - $448,000||13.4|
|$224,001 - $336,000||27.4|
|$112,001 - $224,000||29.9|
|$56,001 - $112,000||13.3|
|$0 - $56,000||3.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Rolling Meadows HOMES|
|2000 or Newer||3.5|
|1970 - 1999||51.0|
|1940 - 1969||44.9|
|1939 or Older||0.6|
|TYPE OF Rolling Meadows HOMES|
|Small Apt. Buildings||4.9|
|SIZE OF Rolling Meadows HOMES|
|5 or more bedrooms||2.86|