Winfield, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Winfield Neighborhoods Since 2000




Winfield, 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

Winfield Housing Market Information

With a population of 9,657, 3,636 total housing units (homes and apartments), and a median house value of $317,690, 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 64.92% of the village's housing units. Other types of housing that are prevalent in Winfield include row houses and other attached homes ( 22.69%), duplexes, homes converted to apartments or other small apartment buildings ( 4.90%), and a few large apartment complexes or high rise apartments ( 4.22%).

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 94.09% of Winfield's homes, and 66.26% 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 ( 23.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.05%). There's also some housing in Winfield built before 1939 ( 2.82%).

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 -1.62%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Winfield's appreciation rate, at 3.46%, has been at or slightly above the national average. In the latest quarter, Winfield's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$317,690

Winfield, IL HOME PRICES

Value Range
> $1,097,000 0.5
$822,001 - $1,097,000 1.5
$548,001 - $822,000 10.1
$439,001 - $548,000 9.8
$329,001 - $439,000 24.4
$219,001 - $329,000 31.0
$109,001 - $219,000 15.0
$55,001 - $109,000 2.6
$0 - $55,000 5.0

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
14.7603422008672 8.73417721518987

Number Of Homes And Apartments:
3,636

Winfield 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
23.68% 1.24% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,535 / per month

Homeownership Rate

Homeownership
Owners 94.09
Renters 5.91
Vacant 4.16

Housing Market Details

 

Age of Homes

AGE OF Winfield HOMES
2000 or Newer 14.0
1970 - 1999 59.5
1940 - 1969 23.7
1939 or Older 2.8

Types of Homes

TYPE OF Winfield HOMES
Single-Family 64.9
Townhomes 22.7
Small Apt. Buildings 4.9
Apt. Complexes 4.2
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Winfield HOMES
No Bedroom 0.24
1 Bedroom 1.45
2 Bedrooms 23.88
3 Bedrooms 34.74
4 Bedrooms 31.52
5 or more bedrooms 8.17