Vandalia, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Vandalia Neighborhoods Since 2000




Vandalia, 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

Vandalia Housing Market Information

With a population of 7,112, 1,954 total housing units (homes and apartments), and a median house value of $99,074, house prices in Vandalia are solidly below the national average.

Single-family detached homes are the single most common housing type in Vandalia, accounting for 73.76% of the city's housing units. Other types of housing that are prevalent in Vandalia include duplexes, homes converted to apartments or other small apartment buildings ( 10.45%), large apartment complexes or high rise apartments ( 8.68%), and a few mobile homes or trailers ( 4.49%).

People in Vandalia primarily live in small (one, two or no bedroom) single-family detached homes. Vandalia has a mixture of owner-occupied and renter-occupied housing.

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. Vandalia's housing was primarily built during this period, from the '40s through the '60s. A full 40.92% of the city's housing hails from this era. Other housing ages represented in Vandalia include homes built before 1939 ( 28.27%) and housing constructed between 1970-1999 ( 24.38%). There's also some housing in Vandalia built between 2000 and later ( 6.43%).

Vacant housing appears to be an issue in Vandalia. Fully 17.31% of the housing stock is classified as vacant. Left unchecked, vacant Vandalia homes and apartments can be a drag on the real estate market, holding Vandalia 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.

Vandalia Home Appreciation Rates

Appreciation rates for homes in Vandalia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.30%, which ranks in the top 50% nationwide. This equates to an annual average Vandalia house appreciation rate of 0.42%.

Over the last year, Vandalia appreciation rates have trailed the rest of the nation. In the last twelve months, Vandalia's appreciation rate has been 1.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vandalia were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Illinois, our data show that Vandalia's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$99,074

Vandalia, IL HOME PRICES

Value Range
> $1,033,000 0.0
$774,001 - $1,033,000 0.0
$517,001 - $774,000 0.0
$413,001 - $517,000 0.0
$310,001 - $413,000 1.5
$207,001 - $310,000 4.6
$104,001 - $207,000 29.7
$52,001 - $104,000 44.5
$0 - $52,000 19.6

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
78.167115902965 72.2784810126582

Number Of Homes And Apartments:
1,954

Vandalia 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
25.44% 1.32% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$807 / per month

Homeownership Rate

Homeownership
Owners 49.94
Renters 50.06
Vacant 17.31

Housing Market Details

 

Age of Homes

AGE OF Vandalia HOMES
2000 or Newer 6.4
1970 - 1999 24.4
1940 - 1969 40.9
1939 or Older 28.3

Types of Homes

TYPE OF Vandalia HOMES
Single-Family 73.8
Townhomes 2.6
Small Apt. Buildings 10.5
Apt. Complexes 8.7
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Vandalia HOMES
No Bedroom 9.01
1 Bedroom 9.35
2 Bedrooms 35.72
3 Bedrooms 35.12
4 Bedrooms 9.35
5 or more bedrooms 1.44