South Barrington, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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South Barrington, 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

South Barrington Housing Market Information

With a population of 4,892, 1,523 total housing units (homes and apartments), and a median house value of $785,332, South Barrington house prices are not only among the most expensive in Illinois, South Barrington real estate also is some of the most expensive in all of America.

South Barrington is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in South Barrington than is found in 98% of the communities in America.

The large homes that make up South Barrington are primarily owner-occupied ( 99.41%).

There is a lot of housing in South Barrington 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 South Barrington built between 2000 and later ( 21.83%). A lesser amount of the housing stock also hails from before 1939 ( 3.29%). There's also some housing in South Barrington built between 1940-1969 ( 2.45%).

South Barrington Home Appreciation Rates

South Barrington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Barrington during the period has been just -1.84%, which is lower than 80% of US communities.

Over the last year, South Barrington appreciation rates have trailed the rest of the nation. In the last twelve months, South Barrington's appreciation rate has been 1.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in South Barrington were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that South Barrington's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$785,332

South Barrington, IL HOME PRICES

Value Range
> $1,076,000 21.8
$807,001 - $1,076,000 22.7
$538,001 - $807,000 25.2
$430,001 - $538,000 6.8
$323,001 - $430,000 14.5
$215,001 - $323,000 4.9
$107,001 - $215,000 3.5
$54,001 - $107,000 0.1
$0 - $54,000 0.6

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
2.05086136177194 0.886075949367089

Number Of Homes And Apartments:
1,523

South Barrington 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
17.62% 0.95% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,188 / per month

Homeownership Rate

Homeownership
Owners 99.41
Renters 0.59
Vacant 1.61

Housing Market Details

 

Age of Homes

AGE OF South Barrington HOMES
2000 or Newer 21.8
1970 - 1999 72.4
1940 - 1969 2.5
1939 or Older 3.3

Types of Homes

TYPE OF South Barrington HOMES
Single-Family 98.8
Townhomes 1.2
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF South Barrington HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 0.00
3 Bedrooms 18.35
4 Bedrooms 47.80
5 or more bedrooms 33.85

Popular Neighborhoods in South Barrington

Zip Codes in South Barrington, IL