Evanston WY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Evanston, WY 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Evanston Housing Market Information

With a population of 11,704, 4,598 total housing units (homes and apartments), and a median house value of $206,426, Evanston real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Evanston, accounting for 53.41% of the city's housing units. Other types of housing that are prevalent in Evanston include mobile homes or trailers ( 20.51%), large apartment complexes or high rise apartments ( 13.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.49%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Evanston. Owner-occupied housing accounts for 67.17% of Evanston's homes, and 48.76% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Evanston 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 Evanston built before 1939 ( 13.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.04%). There's also some housing in Evanston built between 1940-1969 ( 11.56%).

Vacant housing appears to be an issue in Evanston. Fully 12.02% of the housing stock is classified as vacant. Left unchecked, vacant Evanston homes and apartments can be a drag on the real estate market, holding Evanston real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Evanston Home Appreciation Rates

Evanston's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Evanston during the period has been just 1.46%, which is lower than 70% of US communities.

Appreciation rates are so strong in Evanston that despite a nationwide downturn in the housing market, Evanston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Evanston appreciation rates continue to be some of the highest in America, at 9.13%, which is higher than appreciation rates in 91.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Evanston. Evanston appreciation rates in the latest quarter were at 1.55%, which equates to an annual appreciation rate of 6.34%.

Relative to Wyoming, our data show that Evanston's latest annual appreciation rate is higher than 50% of the other cities and towns in Wyoming.

Average Home Values

 

Median Home Value:
$206,426

Evanston, WY HOME PRICES

Value Range
> $1,150,000 0.4
$863,001 - $1,150,000 1.1
$575,001 - $863,000 1.2
$460,001 - $575,000 3.3
$345,001 - $460,000 6.6
$230,001 - $345,000 25.5
$115,001 - $230,000 37.0
$58,001 - $115,000 11.8
$0 - $58,000 13.1

Low for WY
High for Nation

Value Relative to Nation Value Relative to State
38.7737226277372 67.9245283018868

Number Of Homes And Apartments:
4,598

Evanston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WY*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
101.42% 3.52%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$844 / per month

Homeownership Rate

Homeownership
Owners 67.17
Renters 32.83
Vacant 12.02

Housing Market Details

 

Age of Homes

AGE OF Evanston HOMES
2000 or Newer 12.0
1970 - 1999 62.7
1940 - 1969 11.6
1939 or Older 13.7

Types of Homes

TYPE OF Evanston HOMES
Single-Family 53.4
Townhomes 5.1
Small Apt. Buildings 6.5
Apt. Complexes 14.0
Mobile Homes 20.5
Other 0.6

Home Size

SIZE OF Evanston HOMES
No Bedroom 0.29
1 Bedroom 7.79
2 Bedrooms 33.70
3 Bedrooms 33.49
4 Bedrooms 15.27
5 or more bedrooms 9.47

Popular Neighborhoods in Evanston

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Zip Codes in Evanston, WY