Shiloh, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Shiloh, 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

Shiloh Housing Market Information

With 12,961 people, 4,729 houses or apartments, and a median cost of homes of $200,542, Shiloh real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Shiloh, accounting for 64.02% of the village's housing units. Other types of housing that are prevalent in Shiloh include large apartment complexes or high rise apartments ( 13.01%), duplexes, homes converted to apartments or other small apartment buildings ( 10.07%), and a few row houses and other attached homes ( 7.95%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shiloh. Owner-occupied housing accounts for 75.62% of Shiloh's homes, and 60.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Shiloh 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 Shiloh built between 2000 and later ( 42.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.63%). There's also some housing in Shiloh built before 1939 ( 1.60%).

Vacant housing appears to be an issue in Shiloh. Fully 12.12% of the housing stock is classified as vacant. Left unchecked, vacant Shiloh homes and apartments can be a drag on the real estate market, holding Shiloh real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Shiloh Home Appreciation Rates

Shiloh's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shiloh during the period has been just -0.93%, which is lower than 70% of US communities.

Over the last year, Shiloh appreciation rates have trailed the rest of the nation. In the last twelve months, Shiloh's appreciation rate has been 2.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shiloh were at 1.03%, which equates to an annual appreciation rate of 4.19%.

Relative to Illinois, our data show that Shiloh's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$200,542

Shiloh, IL HOME PRICES

Value Range
> $1,048,000 0.5
$786,001 - $1,048,000 0.0
$524,001 - $786,000 0.4
$419,001 - $524,000 3.0
$314,001 - $419,000 7.4
$210,001 - $314,000 31.5
$105,001 - $210,000 42.9
$52,001 - $105,000 6.4
$0 - $52,000 7.9

High for IL
High for Nation

Value Relative to Nation Value Relative to State
32.1135591234033 24.620253164557

Number Of Homes And Apartments:
4,729

Shiloh 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
17.51% 0.94% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,441 / per month

Homeownership Rate

Homeownership
Owners 75.62
Renters 24.38
Vacant 12.12

Housing Market Details

 

Age of Homes

AGE OF Shiloh HOMES
2000 or Newer 42.0
1970 - 1999 50.8
1940 - 1969 5.6
1939 or Older 1.6

Types of Homes

TYPE OF Shiloh HOMES
Single-Family 64.0
Townhomes 8.0
Small Apt. Buildings 10.1
Apt. Complexes 13.0
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Shiloh HOMES
No Bedroom 0.67
1 Bedroom 6.23
2 Bedrooms 24.87
3 Bedrooms 35.66
4 Bedrooms 25.20
5 or more bedrooms 7.38