Rolling Meadows, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rolling Meadows Neighborhoods Since 2000




Rolling Meadows, IL Real Estate 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

Rolling Meadows Housing Market Information

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%).

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 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.

Average Home Values

 

Median Home Value:
$229,941

Rolling Meadows, IL HOME PRICES

Value Range
> $1,121,000 0.0
$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

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
25.8232743466542 18.6075949367089

Number Of Homes And Apartments:
8,983

Rolling Meadows Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
17.74% 0.95% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,661 / per month

Homeownership Rate

Homeownership
Owners 70.17
Renters 29.83
Vacant 6.85

Housing Market Details

 

Age of Homes

AGE OF Rolling Meadows HOMES
2000 or Newer 3.5
1970 - 1999 51.0
1940 - 1969 44.9
1939 or Older 0.6

Types of Homes

TYPE OF Rolling Meadows HOMES
Single-Family 51.6
Townhomes 8.5
Small Apt. Buildings 4.9
Apt. Complexes 35.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Rolling Meadows HOMES
No Bedroom 2.50
1 Bedroom 8.98
2 Bedrooms 36.91
3 Bedrooms 34.33
4 Bedrooms 14.41
5 or more bedrooms 2.86