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 27,852, 8,045 total housing units (homes and apartments), and a median house value of $130,008, house prices in Round Lake Beach are solidly below the national average.
Single-family detached homes are the single most common housing type in Round Lake Beach, accounting for 78.95% of the village's housing units. Other types of housing that are prevalent in Round Lake Beach include row houses and other attached homes ( 11.74%), large apartment complexes or high rise apartments ( 6.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.00%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Round Lake Beach. Owner-occupied housing accounts for 77.90% of Round Lake Beach's homes, and 71.67% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Round Lake Beach 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 Round Lake Beach built between 1940-1969 ( 17.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.31%). There's also some housing in Round Lake Beach built before 1939 ( 4.96%).
Homes have actually lost value in Round Lake Beach over the last then years, as home values have seen a decline of 29.35% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Round Lake Beach home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.
NeighborhoodScout's data show that during the latest twelve months, Round Lake Beach's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Round Lake Beach's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.
Relative to Illinois, our data show that Round Lake Beach'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 village. Individual neighborhoods within Round Lake Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Round Lake Beach - 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 Round Lake Beach real estate investment or home purchase decisions.
|$864,001 - $1,152,000||0.0|
|$576,001 - $864,000||0.3|
|$461,001 - $576,000||0.4|
|$346,001 - $461,000||0.9|
|$230,001 - $346,000||12.3|
|$115,001 - $230,000||53.0|
|$58,001 - $115,000||28.3|
|$0 - $58,000||4.8|
|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 Round Lake Beach HOMES|
|2000 or Newer||11.3|
|1970 - 1999||66.4|
|1940 - 1969||17.3|
|1939 or Older||5.0|
|TYPE OF Round Lake Beach HOMES|
|Small Apt. Buildings||3.0|
|SIZE OF Round Lake Beach HOMES|
|5 or more bedrooms||5.54|