Wood Dale, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Wood Dale Neighborhoods Since 2000




Wood Dale, 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

Wood Dale Housing Market Information

With a population of 13,917, 5,068 total housing units (homes and apartments), and a median house value of $235,594, Wood Dale real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wood Dale, accounting for 58.86% of the city's housing units. Other types of housing that are prevalent in Wood Dale include large apartment complexes or high rise apartments ( 21.07%), row houses and other attached homes ( 13.36%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wood Dale. Owner-occupied housing accounts for 82.56% of Wood Dale's homes, and 58.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wood Dale 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 Wood Dale built between 1940-1969 ( 36.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.17%). There's also some housing in Wood Dale built before 1939 ( 2.27%).

Wood Dale Home Appreciation Rates

Homes have actually lost value in Wood Dale over the last then years, as home values have seen a decline of 25.46% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Wood Dale home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Over the last year, Wood Dale appreciation rates have trailed the rest of the nation. In the last twelve months, Wood Dale's appreciation rate has been 1.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wood Dale were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Wood Dale's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$235,594

Wood Dale, IL HOME PRICES

Value Range
> $1,136,000 1.0
$852,001 - $1,136,000 0.0
$568,001 - $852,000 2.8
$455,001 - $568,000 3.8
$341,001 - $455,000 13.1
$227,001 - $341,000 38.2
$114,001 - $227,000 34.5
$57,001 - $114,000 3.2
$0 - $57,000 3.3

Very High for IL
High for Nation

Value Relative to Nation Value Relative to State
24.8447204968944 17.2151898734177

Number Of Homes And Apartments:
5,068

Wood Dale 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
15.59% 0.84% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,592 / per month

Homeownership Rate

Homeownership
Owners 82.56
Renters 17.44
Vacant 5.57

Housing Market Details

 

Age of Homes

AGE OF Wood Dale HOMES
2000 or Newer 9.2
1970 - 1999 52.2
1940 - 1969 36.4
1939 or Older 2.3

Types of Homes

TYPE OF Wood Dale HOMES
Single-Family 58.9
Townhomes 13.4
Small Apt. Buildings 4.6
Apt. Complexes 21.1
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Wood Dale HOMES
No Bedroom 0.15
1 Bedroom 5.31
2 Bedrooms 32.81
3 Bedrooms 43.79
4 Bedrooms 14.65
5 or more bedrooms 3.30