Worth, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Worth Neighborhoods Since 2000




Worth, IL Real Estate Data


Worth Housing Market Information

With 10,784 people, 4,083 houses or apartments, and a median cost of homes of $169,503, Worth 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 Worth, accounting for 54.96% of the village's housing units. Other types of housing that are prevalent in Worth include large apartment complexes or high rise apartments ( 35.20%), mobile homes or trailers ( 4.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Worth. Owner-occupied housing accounts for 66.84% of Worth's homes, and 51.33% 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. Worth's housing was primarily built during this period, from the '40s through the '60s. A full 56.27% of the village's housing hails from this era. Other housing ages represented in Worth include homes built between 1970-1999 ( 37.13%) and housing constructed between 2000 and later ( 4.09%). There's also some housing in Worth built before 1939 ( 2.51%).

Worth Home Appreciation Rates

Homes have actually lost value in Worth over the last then years, as home values have seen a decline of 29.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Worth home appreciation rates at -0.42%, which equates to an annual appreciation rate of -1.67%.

Over the last year, Worth appreciation rates have trailed the rest of the nation. In the last twelve months, Worth's appreciation rate has been -0.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Worth were at -0.42%, which equates to an annual appreciation rate of -1.67%.

Notably, Worth's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$169,503

Worth, IL HOME PRICES

Value Range
> $1,063,000 0.0
$797,001 - $1,063,000 0.2
$532,001 - $797,000 0.3
$426,001 - $532,000 1.3
$319,001 - $426,000 5.0
$212,001 - $319,000 22.1
$106,001 - $212,000 50.5
$53,001 - $106,000 11.6
$0 - $53,000 9.0

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
41.5504511894996 33.4177215189873

Number Of Homes And Apartments:
4,083

Rent & Ownership

 

Average Market Rent:
$1,092 / per month

Homeownership Rate

Homeownership
Owners 66.84
Renters 33.16
Vacant 9.27

Housing Market Details

 

Age of Homes

AGE OF Worth HOMES
2000 or Newer 4.1
1970 - 1999 37.1
1940 - 1969 56.3
1939 or Older 2.5

Types of Homes

TYPE OF Worth HOMES
Single-Family 55.0
Townhomes 1.1
Small Apt. Buildings 4.2
Apt. Complexes 35.2
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Worth HOMES
No Bedroom 0.64
1 Bedroom 11.89
2 Bedrooms 34.20
3 Bedrooms 42.02
4 Bedrooms 9.31
5 or more bedrooms 1.93

Worth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
8.57% 0.48% 2 1
* 10 is highest