Shorewood, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Shorewood Neighborhoods Since 2000




Shorewood, 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

Shorewood Housing Market Information

With a population of 16,747, 5,284 total housing units (homes and apartments), and a median house value of $257,045, Shorewood real estate is some of the most expensive in Illinois, although Shorewood home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Shorewood, accounting for 81.15% of the village's housing units. Other types of housing that are prevalent in Shorewood include row houses and other attached homes ( 10.95%), mobile homes or trailers ( 3.93%), and a few large apartment complexes or high rise apartments ( 3.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shorewood. Owner-occupied housing accounts for 90.00% of Shorewood's homes, and 73.52% have either three or four bedrooms, which is average sized relative to America.

Shorewood homes and real estate are some of the newest in America. 51.03% of Shorewood'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 Shorewood real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.82%), and between 1940-1969 ( 7.81%).

Shorewood Home Appreciation Rates

Shorewood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shorewood during the period has been just -1.85%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Shorewood's appreciation rate, at 3.54%, has been at or slightly above the national average. In the latest quarter, Shorewood's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that Shorewood's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$257,045

Shorewood, IL HOME PRICES

Value Range
> $1,103,000 0.7
$827,001 - $1,103,000 0.5
$551,001 - $827,000 1.5
$441,001 - $551,000 4.4
$331,001 - $441,000 14.2
$221,001 - $331,000 37.8
$110,001 - $221,000 36.1
$55,001 - $110,000 2.2
$0 - $55,000 2.7

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
21.49302707137 13.9240506329114

Number Of Homes And Apartments:
5,284

Shorewood 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
14.68% 0.80% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,812 / per month

Homeownership Rate

Homeownership
Owners 90.00
Renters 10.00
Vacant 4.69

Housing Market Details

 

Age of Homes

AGE OF Shorewood HOMES
2000 or Newer 51.0
1970 - 1999 40.8
1940 - 1969 7.8
1939 or Older 0.3

Types of Homes

TYPE OF Shorewood HOMES
Single-Family 81.2
Townhomes 10.9
Small Apt. Buildings 0.5
Apt. Complexes 3.5
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Shorewood HOMES
No Bedroom 0.13
1 Bedroom 2.94
2 Bedrooms 19.99
3 Bedrooms 36.71
4 Bedrooms 36.81
5 or more bedrooms 3.43