Winthrop Harbor, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Winthrop Harbor, 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

Winthrop Harbor Housing Market Information

With a population of 6,818, 2,474 total housing units (homes and apartments), and a median house value of $182,451, Winthrop Harbor real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Winthrop Harbor, accounting for 87.67% of the village's housing units. Other types of housing that are prevalent in Winthrop Harbor include large apartment complexes or high rise apartments ( 6.09%), duplexes, homes converted to apartments or other small apartment buildings ( 3.33%), and a few row houses and other attached homes ( 2.91%).

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 75.03% of Winthrop Harbor's homes, and 76.38% 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 ( 38.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.10%). There's also some housing in Winthrop Harbor built before 1939 ( 6.36%).

Winthrop Harbor Home Appreciation Rates

Homes have actually lost value in Winthrop Harbor over the last then years, as home values have seen a decline of 27.82% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Winthrop Harbor home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

NeighborhoodScout's data show that during the latest twelve months, Winthrop Harbor's appreciation rate, at 5.22%, has been at or slightly above the national average. In the latest quarter, Winthrop Harbor's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$182,451

Winthrop Harbor, IL HOME PRICES

Value Range
> $1,086,000 0.4
$815,001 - $1,086,000 0.1
$543,001 - $815,000 0.0
$435,001 - $543,000 3.1
$326,001 - $435,000 7.1
$218,001 - $326,000 26.6
$109,001 - $218,000 53.0
$54,001 - $109,000 5.4
$0 - $54,000 4.3

High for IL
High for Nation

Value Relative to Nation Value Relative to State
37.3198171803586 29.620253164557

Number Of Homes And Apartments:
2,474

Winthrop Harbor 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
-3.92% -0.23% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,320 / per month

Homeownership Rate

Homeownership
Owners 75.03
Renters 24.97
Vacant 5.28

Housing Market Details

 

Age of Homes

AGE OF Winthrop Harbor HOMES
2000 or Newer 12.1
1970 - 1999 42.8
1940 - 1969 38.8
1939 or Older 6.4

Types of Homes

TYPE OF Winthrop Harbor HOMES
Single-Family 87.7
Townhomes 2.9
Small Apt. Buildings 3.3
Apt. Complexes 6.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Winthrop Harbor HOMES
No Bedroom 0.84
1 Bedroom 3.22
2 Bedrooms 16.31
3 Bedrooms 50.00
4 Bedrooms 26.38
5 or more bedrooms 3.25

Popular Neighborhoods in Winthrop Harbor

Zip Codes in Winthrop Harbor, IL