Winfield, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Winfield, IL Real Estate Data


Winfield Housing Market Information

With 9,657 people, 3,563 houses or apartments, and a median cost of homes of $334,081, Winfield house prices are not only among the most expensive in Illinois, Winfield 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 Winfield, accounting for 65.02% of the village's housing units. Other types of housing that are prevalent in Winfield include row houses and other attached homes ( 21.86%), duplexes, homes converted to apartments or other small apartment buildings ( 5.60%), and a few large apartment complexes or high rise apartments ( 4.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Winfield. Owner-occupied housing accounts for 92.77% of Winfield's homes, and 67.34% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Winfield 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 Winfield built between 1940-1969 ( 23.53%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.64%). There's also some housing in Winfield built before 1939 ( 2.91%).

Winfield Home Appreciation Rates

Winfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Winfield during the period has been just -1.34%, which is lower than 80% of US communities.

Over the last year, Winfield appreciation rates have trailed the rest of the nation. In the last twelve months, Winfield's appreciation rate has been 4.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Winfield were at 1.63%, which equates to an annual appreciation rate of 6.69%.

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

Average Home Values

 

Median Home Value:
$334,081

Winfield, IL HOME PRICES

Value Range
> $1,113,000 0.7
$835,001 - $1,113,000 1.4
$556,001 - $835,000 10.4
$445,001 - $556,000 9.4
$334,001 - $445,000 25.0
$223,001 - $334,000 29.9
$111,001 - $223,000 15.9
$56,001 - $111,000 2.6
$0 - $56,000 4.8

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
13.7670551033554 8.48101265822785

Number Of Homes And Apartments:
3,563

Rent & Ownership

 

Average Market Rent:
$1,393 / per month

Homeownership Rate

Homeownership
Owners 92.77
Renters 7.23
Vacant 4.07

Housing Market Details

 

Age of Homes

AGE OF Winfield HOMES
2000 or Newer 15.6
1970 - 1999 57.9
1940 - 1969 23.5
1939 or Older 2.9

Types of Homes

TYPE OF Winfield HOMES
Single-Family 65.0
Townhomes 21.9
Small Apt. Buildings 5.6
Apt. Complexes 4.5
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Winfield HOMES
No Bedroom 0.13
1 Bedroom 0.22
2 Bedrooms 24.15
3 Bedrooms 35.06
4 Bedrooms 32.28
5 or more bedrooms 8.16

Winfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
26.11% 1.37% 5 3
* 10 is highest