Rolling Meadows, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rolling Meadows Neighborhoods Since 2000




Rolling Meadows, IL Real Estate Data


Rolling Meadows Housing Market Information

With 24,190 people, 8,959 houses or apartments, and a median cost of homes of $258,284, 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 52.38% of the city's housing units. Other types of housing that are prevalent in Rolling Meadows include large apartment complexes or high rise apartments ( 33.82%), row houses and other attached homes ( 8.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.35%).

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 70.54% of Rolling Meadows's homes, and 49.53% 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 ( 46.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.03%).

Rolling Meadows Home Appreciation Rates

Homes have actually lost value in Rolling Meadows over the last then years, as home values have seen a decline of 21.00% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rolling Meadows home appreciation rates at 1.63%, which equates to an annual appreciation rate of 6.69%.

NeighborhoodScout's data show that during the latest twelve months, Rolling Meadows's appreciation rate, at 5.41%, has been at or slightly above the national average. In the latest quarter, Rolling Meadows's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that Rolling Meadows's latest annual appreciation rate is higher than 80% 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.

Average Home Values

 

Median Home Value:
$258,284

Rolling Meadows, IL HOME PRICES

Value Range
> $1,125,000 0.1
$844,001 - $1,125,000 0.7
$562,001 - $844,000 6.4
$450,001 - $562,000 5.7
$338,001 - $450,000 10.9
$225,001 - $338,000 29.2
$113,001 - $225,000 32.6
$56,001 - $113,000 11.1
$0 - $56,000 3.2

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
21.8071089769866 15.5696202531646

Number Of Homes And Apartments:
8,959

Rent & Ownership

 

Average Market Rent:
$1,315 / per month

Homeownership Rate

Homeownership
Owners 70.54
Renters 29.46
Vacant 6.99

Housing Market Details

 

Age of Homes

AGE OF Rolling Meadows HOMES
2000 or Newer 3.0
1970 - 1999 49.8
1940 - 1969 46.5
1939 or Older 0.7

Types of Homes

TYPE OF Rolling Meadows HOMES
Single-Family 52.4
Townhomes 8.5
Small Apt. Buildings 5.3
Apt. Complexes 33.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Rolling Meadows HOMES
No Bedroom 1.52
1 Bedroom 9.42
2 Bedrooms 37.19
3 Bedrooms 35.32
4 Bedrooms 14.21
5 or more bedrooms 2.35

Rolling Meadows Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
21.33% 1.14% 4 2
* 10 is highest