Villa Park, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Villa Park Neighborhoods Since 2000




Villa Park, 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

Villa Park Housing Market Information

With 21,969 people, 7,737 houses or apartments, and a median cost of homes of $263,319, Villa Park real estate is some of the most expensive in Illinois, although Villa Park home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Villa Park, accounting for 73.34% of the village's housing units. Other types of housing that are prevalent in Villa Park include large apartment complexes or high rise apartments ( 19.99%), duplexes, homes converted to apartments or other small apartment buildings ( 4.09%), and a few row houses and other attached homes ( 2.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Villa Park. Owner-occupied housing accounts for 69.59% of Villa Park's homes, and 59.96% have either three or four bedrooms, which is average sized relative to America.

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. Villa Park's housing was primarily built during this period, from the '40s through the '60s. A full 58.75% of the village's housing hails from this era. Other housing ages represented in Villa Park include homes built before 1939 ( 20.75%) and housing constructed between 1970-1999 ( 16.08%). There's also some housing in Villa Park built between 2000 and later ( 4.43%).

Villa Park Home Appreciation Rates

Villa Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Villa Park during the period has been just -1.77%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Villa Park's appreciation rate, at 4.58%, has been at or slightly above the national average. In the latest quarter, Villa Park's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$263,319

Villa Park, IL HOME PRICES

Value Range
> $1,160,000 0.5
$870,001 - $1,160,000 0.1
$580,001 - $870,000 1.7
$464,001 - $580,000 3.4
$348,001 - $464,000 13.1
$232,001 - $348,000 48.5
$116,001 - $232,000 29.4
$58,001 - $116,000 1.5
$0 - $58,000 1.8

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
20.6433845072073 13.1645569620253

Number Of Homes And Apartments:
7,737

Villa Park 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
34.49% 1.73% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,690 / per month

Homeownership Rate

Homeownership
Owners 69.59
Renters 30.41
Vacant 5.63

Housing Market Details

 

Age of Homes

AGE OF Villa Park HOMES
2000 or Newer 4.4
1970 - 1999 16.1
1940 - 1969 58.8
1939 or Older 20.7

Types of Homes

TYPE OF Villa Park HOMES
Single-Family 73.3
Townhomes 2.4
Small Apt. Buildings 4.1
Apt. Complexes 20.0
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Villa Park HOMES
No Bedroom 0.76
1 Bedroom 10.31
2 Bedrooms 24.77
3 Bedrooms 45.42
4 Bedrooms 14.54
5 or more bedrooms 4.21