Willow Springs, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Willow Springs Neighborhoods Since 2000




Willow Springs, 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

Willow Springs Housing Market Information

With a population of 5,695, 2,273 total housing units (homes and apartments), and a median house value of $403,663, Willow Springs house prices are not only among the most expensive in Illinois, Willow Springs real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Willow Springs, accounting for 61.52% of the village's housing units. Other types of housing that are prevalent in Willow Springs include row houses and other attached homes ( 23.42%), large apartment complexes or high rise apartments ( 9.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Willow Springs. Owner-occupied housing accounts for 85.53% of Willow Springs's homes, and 60.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Willow Springs 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 Willow Springs built between 2000 and later ( 27.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.92%). There's also some housing in Willow Springs built before 1939 ( 5.53%).

Willow Springs Home Appreciation Rates

Willow Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Willow Springs during the period has been just -2.00%, which is lower than 80% of US communities.

Over the last year, Willow Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Willow Springs's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Willow Springs were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$403,663

Willow Springs, IL HOME PRICES

Value Range
> $1,111,000 6.6
$833,001 - $1,111,000 4.7
$555,001 - $833,000 9.0
$444,001 - $555,000 6.8
$333,001 - $444,000 15.9
$222,001 - $333,000 22.9
$111,001 - $222,000 22.2
$56,001 - $111,000 5.8
$0 - $56,000 6.2

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
9.35192780968007 5.94936708860759

Number Of Homes And Apartments:
2,273

Willow Springs 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
25.95% 1.35% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,981 / per month

Homeownership Rate

Homeownership
Owners 85.53
Renters 14.47
Vacant 4.09

Housing Market Details

 

Age of Homes

AGE OF Willow Springs HOMES
2000 or Newer 27.8
1970 - 1999 42.7
1940 - 1969 23.9
1939 or Older 5.5

Types of Homes

TYPE OF Willow Springs HOMES
Single-Family 61.5
Townhomes 23.4
Small Apt. Buildings 5.4
Apt. Complexes 9.2
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Willow Springs HOMES
No Bedroom 0.00
1 Bedroom 4.14
2 Bedrooms 31.05
3 Bedrooms 43.63
4 Bedrooms 16.67
5 or more bedrooms 4.51