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




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Round Lake Heights, 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 Heights Housing Market Information

With a population of 2,718, 820 total housing units (homes and apartments), and a median house value of $213,569, Round Lake Heights real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Round Lake Heights, accounting for 93.20% of the village's housing units. Other types of housing that are prevalent in Round Lake Heights include large apartment complexes or high rise apartments ( 5.89%).

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 Heights. Owner-occupied housing accounts for 73.17% of Round Lake Heights's homes, and 74.41% have either three or four bedrooms, which is average sized relative to America.

Round Lake Heights homes and real estate are some of the newest in America. 41.00% of Round Lake Heights's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Round Lake Heights real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 35.67%), and between 1970-1999 ( 22.99%).

Round Lake Heights Home Appreciation Rates

Homes have actually lost value in Round Lake Heights over the last then years, as home values have seen a decline of 26.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Round Lake Heights 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 Heights's appreciation rate, at 5.45%, has been at or slightly above the national average. In the latest quarter, Round Lake Heights's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Round Lake Heights's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$213,569

Round Lake Heights, IL HOME PRICES

Value Range
> $1,144,000 0.5
$858,001 - $1,144,000 0.0
$572,001 - $858,000 1.6
$458,001 - $572,000 1.3
$343,001 - $458,000 6.1
$229,001 - $343,000 15.5
$114,001 - $229,000 45.3
$57,001 - $114,000 23.4
$0 - $57,000 6.2

High for IL
High for Nation

Value Relative to Nation Value Relative to State
29.0812141099262 21.2658227848101

Number Of Homes And Apartments:
820

Round Lake Heights 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
3.37% 0.19% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,661 / per month

Homeownership Rate

Homeownership
Owners 73.17
Renters 26.83
Vacant 7.13

Housing Market Details

 

Age of Homes

AGE OF Round Lake Heights HOMES
2000 or Newer 41.0
1970 - 1999 23.0
1940 - 1969 35.7
1939 or Older 0.3

Types of Homes

TYPE OF Round Lake Heights HOMES
Single-Family 93.2
Townhomes 0.0
Small Apt. Buildings 0.9
Apt. Complexes 5.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Round Lake Heights HOMES
No Bedroom 0.00
1 Bedroom 3.51
2 Bedrooms 12.68
3 Bedrooms 49.72
4 Bedrooms 24.69
5 or more bedrooms 9.40

Popular Neighborhoods in Round Lake Heights

Zip Codes in Round Lake Heights, IL