Vienna, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Vienna Neighborhoods Since 2000




Vienna, 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

Vienna Housing Market Information

With a population of 1,647, 619 total housing units (homes and apartments), and a median house value of $92,919, house prices in Vienna are solidly below the national average.

Single-family detached homes are the single most common housing type in Vienna, accounting for 53.12% of the city's housing units. Other types of housing that are prevalent in Vienna include duplexes, homes converted to apartments or other small apartment buildings ( 18.59%), large apartment complexes or high rise apartments ( 17.40%), and a few mobile homes or trailers ( 10.49%).

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

There is a lot of housing in Vienna 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 Vienna built between 1940-1969 ( 31.08%). A lesser amount of the housing stock also hails from before 1939 ( 20.05%). There's also some housing in Vienna built between 2000 and later ( 16.07%).

Vacant housing appears to be an issue in Vienna. Fully 17.80% of the housing stock is classified as vacant. Left unchecked, vacant Vienna homes and apartments can be a drag on the real estate market, holding Vienna 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.

Vienna Home Appreciation Rates

In the last 10 years, Vienna has experienced some of the highest home appreciation rates of any community in the nation. Vienna real estate appreciated 19.05% over the last ten years, which is an average annual home appreciation rate of 1.76%, putting Vienna in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vienna definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Vienna's appreciation rate, at 3.48%, has been at or slightly above the national average. In the latest quarter, Vienna's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Illinois, our data show that Vienna's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$92,919

Vienna, IL HOME PRICES

Value Range
> $1,082,000 0.0
$812,001 - $1,082,000 0.0
$541,001 - $812,000 0.5
$433,001 - $541,000 0.5
$325,001 - $433,000 2.5
$216,001 - $325,000 5.3
$108,001 - $216,000 25.4
$54,001 - $108,000 42.2
$0 - $54,000 23.4

Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
82.1047697175671 77.0886075949367

Number Of Homes And Apartments:
619

Vienna 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
51.25% 2.43% 10 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$812 / per month

Homeownership Rate

Homeownership
Owners 48.41
Renters 51.59
Vacant 17.80

Housing Market Details

 

Age of Homes

AGE OF Vienna HOMES
2000 or Newer 16.1
1970 - 1999 32.8
1940 - 1969 31.1
1939 or Older 20.1

Types of Homes

TYPE OF Vienna HOMES
Single-Family 53.1
Townhomes 0.4
Small Apt. Buildings 18.6
Apt. Complexes 17.4
Mobile Homes 10.5
Other 0.0

Home Size

SIZE OF Vienna HOMES
No Bedroom 12.22
1 Bedroom 16.87
2 Bedrooms 29.75
3 Bedrooms 34.40
4 Bedrooms 3.85
5 or more bedrooms 2.92

Popular Neighborhoods in Vienna

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Zip Codes in Vienna, IL