Wonder Lake, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wonder Lake, 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

Wonder Lake Housing Market Information

With 3,929 people, 1,381 houses or apartments, and a median cost of homes of $197,548, Wonder Lake real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wonder Lake, accounting for 99.28% of the village's housing units.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wonder Lake. Owner-occupied housing accounts for 87.91% of Wonder Lake's homes, and 74.67% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Wonder Lake's housing was primarily built during this period, from the '40s through the '60s. A full 38.22% of the village's housing hails from this era. Other housing ages represented in Wonder Lake include homes built between 2000 and later ( 27.36%) and housing constructed between 1970-1999 ( 26.64%). There's also some housing in Wonder Lake built before 1939 ( 7.79%).

Wonder Lake Home Appreciation Rates

Homes have actually lost value in Wonder Lake over the last then years, as home values have seen a decline of 27.36% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Wonder Lake home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Wonder Lake that despite a nationwide downturn in the housing market, Wonder Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wonder Lake appreciation rates continue to be some of the highest in America, at 7.23%, which is higher than appreciation rates in 82.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wonder Lake. Wonder Lake appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Wonder Lake's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$197,548

Wonder Lake, IL HOME PRICES

Value Range
> $1,128,000 0.4
$846,001 - $1,128,000 0.2
$564,001 - $846,000 1.5
$451,001 - $564,000 3.4
$338,001 - $451,000 9.6
$226,001 - $338,000 27.0
$113,001 - $226,000 43.3
$57,001 - $113,000 10.6
$0 - $57,000 3.9

High for IL
High for Nation

Value Relative to Nation Value Relative to State
32.8782374311497 25.6962025316456

Number Of Homes And Apartments:
1,381

Wonder Lake 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
0.05% 0.00% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,518 / per month

Homeownership Rate

Homeownership
Owners 87.91
Renters 12.09
Vacant 9.62

Housing Market Details

 

Age of Homes

AGE OF Wonder Lake HOMES
2000 or Newer 27.4
1970 - 1999 26.6
1940 - 1969 38.2
1939 or Older 7.8

Types of Homes

TYPE OF Wonder Lake HOMES
Single-Family 99.3
Townhomes 0.7
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Wonder Lake HOMES
No Bedroom 0.00
1 Bedroom 3.93
2 Bedrooms 19.50
3 Bedrooms 51.31
4 Bedrooms 23.36
5 or more bedrooms 1.90

Popular Neighborhoods in Wonder Lake

Zip Codes in Wonder Lake, IL