Sugar Grove, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sugar Grove Neighborhoods Since 2000




Sugar Grove, 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

Sugar Grove Housing Market Information

With 9,512 people, 3,169 houses or apartments, and a median cost of homes of $328,506, Sugar Grove house prices are not only among the most expensive in Illinois, Sugar Grove real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Sugar Grove, accounting for 73.89% of the village's housing units. Other types of housing that are prevalent in Sugar Grove include row houses and other attached homes ( 16.15%), duplexes, homes converted to apartments or other small apartment buildings ( 8.26%), and a few large apartment complexes or high rise apartments ( 1.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sugar Grove. Owner-occupied housing accounts for 87.28% of Sugar Grove's homes, and 71.22% have either three or four bedrooms, which is average sized relative to America.

Sugar Grove homes and real estate are some of the newest in America. 56.86% of Sugar Grove'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 Sugar Grove real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.33%), and between 1940-1969 ( 10.69%). There's also some housing in Sugar Grove built before 1939 ( 1.12%).

Sugar Grove Home Appreciation Rates

Homes have actually lost value in Sugar Grove over the last then years, as home values have seen a decline of 20.81% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sugar Grove home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Sugar Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Sugar Grove's appreciation rate has been 2.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sugar Grove were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$328,506

Sugar Grove, IL HOME PRICES

Value Range
> $1,109,000 0.9
$832,001 - $1,109,000 0.3
$555,001 - $832,000 3.7
$444,001 - $555,000 7.6
$332,001 - $444,000 21.8
$222,001 - $332,000 40.0
$111,001 - $222,000 20.5
$55,001 - $111,000 3.6
$0 - $55,000 1.6

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
13.8286651822337 8.10126582278481

Number Of Homes And Apartments:
3,169

Sugar Grove 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
6.96% 0.39% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,259 / per month

Homeownership Rate

Homeownership
Owners 87.28
Renters 12.72
Vacant 3.79

Housing Market Details

 

Age of Homes

AGE OF Sugar Grove HOMES
2000 or Newer 56.9
1970 - 1999 31.3
1940 - 1969 10.7
1939 or Older 1.1

Types of Homes

TYPE OF Sugar Grove HOMES
Single-Family 73.9
Townhomes 16.2
Small Apt. Buildings 8.3
Apt. Complexes 1.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Sugar Grove HOMES
No Bedroom 0.00
1 Bedroom 3.16
2 Bedrooms 18.61
3 Bedrooms 35.61
4 Bedrooms 35.61
5 or more bedrooms 7.01

Popular Neighborhoods in Sugar Grove

Zip Codes in Sugar Grove, IL