Sugar Grove, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sugar Grove, IL Real Estate Data


Sugar Grove Housing Market Information

With 9,512 people, 3,260 houses or apartments, and a median cost of homes of $316,600, Sugar Grove real estate is some of the most expensive in Illinois, although Sugar Grove home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sugar Grove, accounting for 73.80% of the village's housing units. Other types of housing that are prevalent in Sugar Grove include row houses and other attached homes ( 17.28%), duplexes, homes converted to apartments or other small apartment buildings ( 7.45%), and a few large apartment complexes or high rise apartments ( 1.47%).

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 87.73% of Sugar Grove's homes, and 68.77% 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. 58.64% 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 ( 25.02%), and between 1940-1969 ( 14.69%). There's also some housing in Sugar Grove built before 1939 ( 1.65%).

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 19.87% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sugar Grove home appreciation rates at 1.63%, which equates to an annual appreciation rate of 6.69%.

NeighborhoodScout's data show that during the latest twelve months, Sugar Grove's appreciation rate, at 5.38%, has been at or slightly above the national average. In the latest quarter, Sugar Grove's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that Sugar Grove's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$316,600

Sugar Grove, IL HOME PRICES

Value Range
> $1,150,000 0.5
$862,001 - $1,150,000 0.5
$575,001 - $862,000 4.6
$460,001 - $575,000 7.6
$345,001 - $460,000 24.7
$230,001 - $345,000 37.6
$114,001 - $230,000 20.1
$57,001 - $114,000 3.5
$0 - $57,000 1.0

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
15.3188499150905 9.49367088607595

Number Of Homes And Apartments:
3,260

Rent & Ownership

 

Average Market Rent:
$1,396 / per month

Homeownership Rate

Homeownership
Owners 87.73
Renters 12.27
Vacant 4.03

Housing Market Details

 

Age of Homes

AGE OF Sugar Grove HOMES
2000 or Newer 58.6
1970 - 1999 25.0
1940 - 1969 14.7
1939 or Older 1.6

Types of Homes

TYPE OF Sugar Grove HOMES
Single-Family 73.8
Townhomes 17.3
Small Apt. Buildings 7.4
Apt. Complexes 1.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Sugar Grove HOMES
No Bedroom 0.00
1 Bedroom 3.80
2 Bedrooms 20.72
3 Bedrooms 35.41
4 Bedrooms 33.35
5 or more bedrooms 6.71

Sugar Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
9.04% 0.51% 2 1
* 10 is highest

Popular Neighborhoods in Sugar Grove

Zip Codes in Sugar Grove, IL