Round Lake Beach, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Round Lake Beach Neighborhoods Since 2000




Round Lake Beach, 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

Round Lake Beach Housing Market Information

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%).

Round Lake Beach Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$130,008

Round Lake Beach, IL HOME PRICES

Value Range
> $1,152,000 0.0
$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

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
59.8646431501231 49.746835443038

Number Of Homes And Apartments:
8,045

Round Lake Beach 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
-0.09% -0.01% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,548 / per month

Homeownership Rate

Homeownership
Owners 77.90
Renters 22.10
Vacant 7.60

Housing Market Details

 

Age of Homes

AGE OF Round Lake Beach HOMES
2000 or Newer 11.3
1970 - 1999 66.4
1940 - 1969 17.3
1939 or Older 5.0

Types of Homes

TYPE OF Round Lake Beach HOMES
Single-Family 78.9
Townhomes 11.7
Small Apt. Buildings 3.0
Apt. Complexes 6.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Round Lake Beach HOMES
No Bedroom 0.36
1 Bedroom 6.02
2 Bedrooms 16.42
3 Bedrooms 48.39
4 Bedrooms 23.28
5 or more bedrooms 5.54