Wood River, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wood River Neighborhoods Since 2000




Wood River, 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 River Housing Market Information

With 10,294 people, 4,517 houses or apartments, and a median cost of homes of $90,901, house prices in Wood River are solidly below the national average.

Single-family detached homes are the single most common housing type in Wood River, accounting for 80.28% of the city's housing units. Other types of housing that are prevalent in Wood River include duplexes, homes converted to apartments or other small apartment buildings ( 9.66%), large apartment complexes or high rise apartments ( 6.96%), and a few mobile homes or trailers ( 1.75%).

Dwellings in Wood River tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 57.80% of the homes in Wood River have two or fewer bedrooms.

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. Wood River's housing was primarily built during this period, from the '40s through the '60s. A full 48.90% of the city's housing hails from this era. Other housing ages represented in Wood River include homes built before 1939 ( 31.54%) and housing constructed between 1970-1999 ( 15.78%). There's also some housing in Wood River built between 2000 and later ( 3.78%).

Wood River Home Appreciation Rates

Real estate appreciation rates in Wood River's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.76% during the period.

Over the last year, Wood River appreciation rates have trailed the rest of the nation. In the last twelve months, Wood River's appreciation rate has been 1.12%, 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 River were at 1.03%, which equates to an annual appreciation rate of 4.19%.

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

Average Home Values

 

Median Home Value:
$90,901

Wood River, IL HOME PRICES

Value Range
> $1,012,000 0.1
$759,001 - $1,012,000 0.1
$506,001 - $759,000 0.5
$405,001 - $506,000 0.0
$303,001 - $405,000 0.5
$202,001 - $303,000 1.3
$101,001 - $202,000 27.9
$51,001 - $101,000 57.3
$0 - $51,000 12.2

Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
83.3763037618657 78.7341772151899

Number Of Homes And Apartments:
4,517

Wood River 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
21.50% 1.14% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$885 / per month

Homeownership Rate

Homeownership
Owners 65.75
Renters 34.25
Vacant 9.10

Housing Market Details

 

Age of Homes

AGE OF Wood River HOMES
2000 or Newer 3.8
1970 - 1999 15.8
1940 - 1969 48.9
1939 or Older 31.5

Types of Homes

TYPE OF Wood River HOMES
Single-Family 80.3
Townhomes 1.3
Small Apt. Buildings 9.7
Apt. Complexes 7.0
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Wood River HOMES
No Bedroom 0.80
1 Bedroom 10.32
2 Bedrooms 46.67
3 Bedrooms 34.57
4 Bedrooms 6.22
5 or more bedrooms 1.41