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Winthrop Harbor, IL Real Estate Market

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 Q3 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Winthrop Harbor, IL Housing Market Trends

With a population of 6,656, 2,602 total housing units (homes and apartments), and a median house value of $256,261, Winthrop Harbor real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Winthrop Harbor, accounting for 86.70% of the village's housing units. Other types of housing that are prevalent in Winthrop Harbor include large apartment complexes or high rise apartments ( 8.39%), duplexes, homes converted to apartments or other small apartment buildings ( 3.47%), and a few row houses and other attached homes ( 1.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Winthrop Harbor. Owner-occupied housing accounts for 82.02% of Winthrop Harbor's homes, and 70.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Winthrop Harbor 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 Winthrop Harbor built between 1940-1969 ( 33.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.21%). There's also some housing in Winthrop Harbor built before 1939 ( 5.59%).

Winthrop Harbor Home Appreciation Rates

Winthrop Harbor's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Winthrop Harbor during the period has been just 4.52%, which is lower than 70% of US communities.

Over the last year, Winthrop Harbor appreciation rates have trailed the rest of the nation. In the last twelve months, Winthrop Harbor's appreciation rate has been 11.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Winthrop Harbor were at 4.52%, which equates to an annual appreciation rate of 19.34%.

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

Average Home Values

 

Median Home Value:
$256,261

Winthrop Harbor, IL HOME PRICES

> $1,403,000
$1,052,001 - $1,403,000
$701,001 - $1,052,000
$561,001 - $701,000
$421,001 - $561,000
$281,001 - $421,000
$140,001 - $281,000
$70,001 - $140,000
$0 - $70,000
0.3%
0.3%
0.0%
0.0%
2.1%
2.1%
2.0%
2.0%
5.2%
5.2%
34.6%
34.6%
42.9%
42.9%
9.0%
9.0%
4.0%
4.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for IL

Value Relative To Nation

Number Of Homes And Apartments:
2,602

Winthrop Harbor Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2022 Q2 - 2022 Q3
Last 12 Months:
2021 Q3 - 2022 Q3
Last 2 Years:
2020 Q3 - 2022 Q3
Last 5 Years:
2017 Q3 - 2022 Q3
Last 10 Years:
2012 Q3 - 2022 Q3
Since 2000:
2000 Q1 - 2022 Q3
36.94% 1.39%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,674 / per month

Homeownership Rate

Owners
Renters
Vacant
82.0%
82.0%
18.0%
18.0%
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.2%
12.2%
48.8%
48.8%
33.4%
33.4%
5.6%
5.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.7%
86.7%
1.5%
1.5%
3.5%
3.5%
8.4%
8.4%
0.0%
0.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
1.6%
1.6%
22.5%
22.5%
40.0%
40.0%
30.4%
30.4%
3.1%
3.1%
0.0% 100.0%
% OF HOMES