Sycamore, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sycamore Neighborhoods Since 2000




Sycamore, 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

Sycamore Housing Market Information

With a population of 17,712, 6,871 total housing units (homes and apartments), and a median house value of $196,811, Sycamore real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sycamore, accounting for 51.02% of the city's housing units. Other types of housing that are prevalent in Sycamore include row houses and other attached homes ( 22.12%), large apartment complexes or high rise apartments ( 14.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.38%).

The most prevalent building size and type in Sycamore are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.46% owning and 37.54% renting.

There is a lot of housing in Sycamore 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 Sycamore built between 2000 and later ( 34.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.39%). There's also some housing in Sycamore built before 1939 ( 14.63%).

Sycamore Home Appreciation Rates

Sycamore's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sycamore during the period has been just -1.92%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sycamore's appreciation rate, at 5.12%, has been at or slightly above the national average. In the latest quarter, Sycamore's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$196,811

Sycamore, IL HOME PRICES

Value Range
> $1,096,000 0.3
$822,001 - $1,096,000 0.6
$548,001 - $822,000 1.1
$438,001 - $548,000 2.0
$329,001 - $438,000 10.0
$219,001 - $329,000 27.7
$110,001 - $219,000 46.1
$55,001 - $110,000 6.9
$0 - $55,000 5.2

High for IL
High for Nation

Value Relative to Nation Value Relative to State
33.0598851517637 26.2025316455696

Number Of Homes And Apartments:
6,871

Sycamore 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
10.17% 0.56% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,087 / per month

Homeownership Rate

Homeownership
Owners 62.46
Renters 37.54
Vacant 3.82

Housing Market Details

 

Age of Homes

AGE OF Sycamore HOMES
2000 or Newer 34.3
1970 - 1999 34.7
1940 - 1969 16.4
1939 or Older 14.6

Types of Homes

TYPE OF Sycamore HOMES
Single-Family 51.0
Townhomes 22.1
Small Apt. Buildings 8.4
Apt. Complexes 14.1
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Sycamore HOMES
No Bedroom 1.72
1 Bedroom 5.92
2 Bedrooms 39.49
3 Bedrooms 34.22
4 Bedrooms 15.15
5 or more bedrooms 3.50