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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 13,926, 4,347 total housing units (homes and apartments), and a median house value of $310,695, Channahon real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Channahon, accounting for 86.96% of the village's housing units. Other types of housing that are prevalent in Channahon include row houses and other attached homes ( 6.43%), large apartment complexes or high rise apartments ( 4.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Channahon. Owner-occupied housing accounts for 88.98% of Channahon's homes, and 77.96% have either three or four bedrooms, which is average sized relative to America.
Channahon homes and real estate are some of the newest in America. 44.72% of Channahon's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Channahon real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.03%), and between 1940-1969 ( 11.17%). There's also some housing in Channahon built before 1939 ( 2.07%).
Channahon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Channahon during the period has been just 5.33%, which is lower than 70% of US communities.
Over the last year, Channahon appreciation rates have trailed the rest of the nation. In the last twelve months, Channahon's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Channahon were at 0.21%, which equates to an annual appreciation rate of 0.86%.
Relative to Illinois, our data show that Channahon's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.
$310,695
for Illinois
for nation
4,347
$2,923 / per month