Glen Carbon, 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 Q2 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

Glen Carbon, IL Housing Market Trends

With 12,850 people, 5,027 houses or apartments, and a median cost of homes of $267,757, Glen Carbon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glen Carbon, accounting for 70.55% of the village's housing units. Other types of housing that are prevalent in Glen Carbon include large apartment complexes or high rise apartments ( 10.79%), duplexes, homes converted to apartments or other small apartment buildings ( 9.94%), and a few row houses and other attached homes ( 5.87%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glen Carbon. Owner-occupied housing accounts for 72.54% of Glen Carbon's homes, and 62.56% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glen Carbon 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 Glen Carbon built between 2000 and later ( 24.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.56%). There's also some housing in Glen Carbon built before 1939 ( 5.25%).

Glen Carbon Home Appreciation Rates

Glen Carbon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glen Carbon during the period has been just 2.30%, which is lower than 80% of US communities.

Over the last year, Glen Carbon appreciation rates have trailed the rest of the nation. In the last twelve months, Glen Carbon's appreciation rate has been 6.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glen Carbon were at 2.15%, which equates to an annual appreciation rate of 8.86%.

Relative to Illinois, our data show that Glen Carbon's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$267,757

Glen Carbon, IL HOME PRICES

> $1,143,000
0.6%
0.6%
$858,001 - $1,143,000
0.5%
0.5%
$572,001 - $858,000
2.7%
2.7%
$458,001 - $572,000
4.6%
4.6%
$343,001 - $458,000
18.7%
18.7%
$229,001 - $343,000
34.2%
34.2%
$114,001 - $229,000
30.9%
30.9%
$57,001 - $114,000
5.1%
5.1%
$0 - $57,000
2.6%
2.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IL

Value Relative To Nation

Number Of Homes And Apartments:
5,027

Glen Carbon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
63.77% 2.32%
9
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,257 / per month

Homeownership Rate

Owners
72.5%
72.5%
Renters
27.5%
27.5%
Vacant
7.5%
7.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
24.6%
24.6%
1970 - 1999
58.6%
58.6%
1940 - 1969
11.6%
11.6%
1939 or Older
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.6%
70.6%
Townhomes
5.9%
5.9%
Small Apt. Buildings
9.9%
9.9%
Apt. Complexes
10.8%
10.8%
Mobile Homes
2.9%
2.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
8.4%
8.4%
2 Bedrooms
21.3%
21.3%
3 Bedrooms
38.6%
38.6%
4 Bedrooms
23.9%
23.9%
5 or more bedrooms
7.4%
7.4%
0.0% 100.0%
% OF HOMES