South Holland, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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South Holland, 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 Holland Housing Market Information

With a population of 22,043, 7,343 total housing units (homes and apartments), and a median house value of $168,280, South Holland real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in South Holland, accounting for 96.43% of the village's housing units. Other types of housing that are prevalent in South Holland include row houses and other attached homes ( 1.82%), large apartment complexes or high rise apartments ( 1.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Holland. Owner-occupied housing accounts for 87.07% of South Holland's homes, and 87.79% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. South Holland's housing was primarily built during this period, from the '40s through the '60s. A full 60.21% of the village's housing hails from this era. Other housing ages represented in South Holland include homes built between 1970-1999 ( 33.01%) and housing constructed before 1939 ( 4.60%). There's also some housing in South Holland built between 2000 and later ( 2.18%).

South Holland Home Appreciation Rates

Homes have actually lost value in South Holland over the last then years, as home values have seen a decline of 28.95% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows South Holland 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, South Holland's appreciation rate, at 4.73%, has been at or slightly above the national average. In the latest quarter, South Holland's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Illinois, our data show that South Holland'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 South Holland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Holland - 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 South Holland real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$168,280

South Holland, IL HOME PRICES

Value Range
> $1,089,000 0.4
$817,001 - $1,089,000 0.0
$544,001 - $817,000 0.1
$436,001 - $544,000 0.4
$327,001 - $436,000 1.9
$218,001 - $327,000 12.9
$109,001 - $218,000 63.5
$54,001 - $109,000 17.7
$0 - $54,000 3.1

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
42.300480487519 34.0506329113924

Number Of Homes And Apartments:
7,343

South Holland 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
-5.30% -0.32% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,777 / per month

Homeownership Rate

Homeownership
Owners 87.07
Renters 12.93
Vacant 6.77

Housing Market Details

 

Age of Homes

AGE OF South Holland HOMES
2000 or Newer 2.2
1970 - 1999 33.0
1940 - 1969 60.2
1939 or Older 4.6

Types of Homes

TYPE OF South Holland HOMES
Single-Family 96.4
Townhomes 1.8
Small Apt. Buildings 0.1
Apt. Complexes 1.5
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF South Holland HOMES
No Bedroom 1.00
1 Bedroom 0.39
2 Bedrooms 5.95
3 Bedrooms 64.28
4 Bedrooms 23.50
5 or more bedrooms 4.86