Streator, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Streator Neighborhoods Since 2000




Streator, 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

Streator Housing Market Information

With 13,182 people, 5,213 houses or apartments, and a median cost of homes of $99,431, house prices in Streator are solidly below the national average.

Single-family detached homes are the single most common housing type in Streator, accounting for 76.34% of the city's housing units. Other types of housing that are prevalent in Streator include large apartment complexes or high rise apartments ( 9.96%), duplexes, homes converted to apartments or other small apartment buildings ( 9.31%), and a few mobile homes or trailers ( 2.69%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Streator. Owner-occupied housing accounts for 66.19% of Streator's homes, and 51.64% 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. Streator's housing was primarily built during this period, from the '40s through the '60s. A full 39.30% of the city's housing hails from this era. Other housing ages represented in Streator include homes built before 1939 ( 36.66%) and housing constructed between 1970-1999 ( 16.97%). There's also some housing in Streator built between 2000 and later ( 7.07%).

Vacant housing appears to be an issue in Streator. Fully 13.33% of the housing stock is classified as vacant. Left unchecked, vacant Streator homes and apartments can be a drag on the real estate market, holding Streator 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.

Streator Home Appreciation Rates

Streator's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Streator during the period has been just -0.82%, which is lower than 70% of US communities.

Over the last year, Streator appreciation rates have trailed the rest of the nation. In the last twelve months, Streator's appreciation rate has been 2.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Streator were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Streator's latest annual appreciation rate is lower than 50% 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 city. Individual neighborhoods within Streator differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Streator - 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 Streator real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$99,431

Streator, IL HOME PRICES

Value Range
> $1,037,000 0.5
$777,001 - $1,037,000 0.4
$519,001 - $777,000 0.6
$415,001 - $519,000 0.3
$311,001 - $415,000 0.4
$207,001 - $311,000 4.2
$104,001 - $207,000 27.7
$52,001 - $104,000 51.0
$0 - $52,000 14.9

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
77.90343372788 71.7721518987342

Number Of Homes And Apartments:
5,213

Streator 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
20.27% 1.08% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$622 / per month

Homeownership Rate

Homeownership
Owners 66.19
Renters 33.81
Vacant 13.33

Housing Market Details

 

Age of Homes

AGE OF Streator HOMES
2000 or Newer 7.1
1970 - 1999 17.0
1940 - 1969 39.3
1939 or Older 36.7

Types of Homes

TYPE OF Streator HOMES
Single-Family 76.3
Townhomes 1.7
Small Apt. Buildings 9.3
Apt. Complexes 10.0
Mobile Homes 2.7
Other 0.0

Home Size

SIZE OF Streator HOMES
No Bedroom 1.33
1 Bedroom 13.48
2 Bedrooms 30.59
3 Bedrooms 40.05
4 Bedrooms 11.59
5 or more bedrooms 2.96