Edwardsville, IL Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Edwardsville, IL Housing Market Trends

With a population of 25,233, 8,461 total housing units (homes and apartments), and a median house value of $219,905, Edwardsville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Edwardsville, accounting for 74.30% of the city's housing units. Other types of housing that are prevalent in Edwardsville include large apartment complexes or high rise apartments ( 15.88%), duplexes, homes converted to apartments or other small apartment buildings ( 7.50%), and a few row houses and other attached homes ( 2.33%).

The most prevalent building size and type in Edwardsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.63% owning and 41.37% renting.

There is a lot of housing in Edwardsville 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 Edwardsville built between 1940-1969 ( 24.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.79%). There's also some housing in Edwardsville built before 1939 ( 16.01%).

Edwardsville Home Appreciation Rates

Edwardsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Edwardsville during the period has been just 2.09%, which is lower than 70% of US communities.

Over the last year, Edwardsville appreciation rates have trailed the rest of the nation. In the last twelve months, Edwardsville's appreciation rate has been 3.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edwardsville were at 1.34%, which equates to an annual appreciation rate of 5.46%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Edwardsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Edwardsville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Edwardsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$219,905

Edwardsville, IL HOME PRICES

> $1,121,000
0.4%
0.4%
$841,001 - $1,121,000
0.6%
0.6%
$560,001 - $841,000
4.1%
4.1%
$449,001 - $560,000
7.7%
7.7%
$337,001 - $449,000
12.8%
12.8%
$224,001 - $337,000
26.2%
26.2%
$112,001 - $224,000
37.3%
37.3%
$56,001 - $112,000
8.6%
8.6%
$0 - $56,000
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for IL

Value Relative To Nation

Number Of Homes And Apartments:
8,461

Edwardsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
63.03% 2.33%
9
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,227 / per month

Homeownership Rate

Owners
58.6%
58.6%
Renters
41.4%
41.4%
Vacant
6.3%
6.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
23.8%
23.8%
1970 - 1999
36.0%
36.0%
1940 - 1969
24.2%
24.2%
1939 or Older
16.0%
16.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.3%
74.3%
Townhomes
2.3%
2.3%
Small Apt. Buildings
7.5%
7.5%
Apt. Complexes
15.9%
15.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
6.6%
6.6%
2 Bedrooms
28.8%
28.8%
3 Bedrooms
33.5%
33.5%
4 Bedrooms
22.7%
22.7%
5 or more bedrooms
8.0%
8.0%
0.0% 100.0%
% OF HOMES