Roselle, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Roselle, 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

Roselle Housing Market Information

With a population of 22,994, 8,342 total housing units (homes and apartments), and a median house value of $282,595, Roselle real estate is some of the most expensive in Illinois, although Roselle home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Roselle, accounting for 55.68% of the village's housing units. Other types of housing that are prevalent in Roselle include row houses and other attached homes ( 19.14%), large apartment complexes or high rise apartments ( 14.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.56%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Roselle. Owner-occupied housing accounts for 77.69% of Roselle's homes, and 63.62% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Roselle 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 Roselle built between 1940-1969 ( 17.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.20%). There's also some housing in Roselle built before 1939 ( 1.95%).

Roselle Home Appreciation Rates

Roselle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Roselle during the period has been just -1.88%, which is lower than 80% of US communities.

Over the last year, Roselle appreciation rates have trailed the rest of the nation. In the last twelve months, Roselle's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Roselle were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Roselle'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 village. Individual neighborhoods within Roselle differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Roselle - 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 Roselle real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$282,595

Roselle, IL HOME PRICES

Value Range
> $1,134,000 0.8
$850,001 - $1,134,000 1.4
$567,001 - $850,000 4.8
$453,001 - $567,000 5.2
$340,001 - $453,000 18.3
$227,001 - $340,000 36.3
$113,001 - $227,000 27.1
$57,001 - $113,000 3.8
$0 - $57,000 2.2

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
18.1589124575179 11.7721518987342

Number Of Homes And Apartments:
8,342

Roselle 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
27.81% 1.43% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,445 / per month

Homeownership Rate

Homeownership
Owners 77.69
Renters 22.31
Vacant 5.60

Housing Market Details

 

Age of Homes

AGE OF Roselle HOMES
2000 or Newer 6.2
1970 - 1999 73.9
1940 - 1969 18.0
1939 or Older 1.9

Types of Homes

TYPE OF Roselle HOMES
Single-Family 55.7
Townhomes 19.1
Small Apt. Buildings 9.6
Apt. Complexes 14.7
Mobile Homes 0.4
Other 0.6

Home Size

SIZE OF Roselle HOMES
No Bedroom 0.33
1 Bedroom 7.46
2 Bedrooms 24.70
3 Bedrooms 47.00
4 Bedrooms 16.62
5 or more bedrooms 3.89