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 8,612, 3,072 total housing units (homes and apartments), and a median house value of $1,364,994, Glencoe house prices are not only among the most expensive in Illinois, Glencoe real estate also is some of the most expensive in all of America.
Glencoe is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Glencoe than is found in 98% of the communities in America.
The large homes that make up Glencoe are primarily owner-occupied ( 93.06%).
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. Glencoe's housing was primarily built during this period, from the '40s through the '60s. A full 34.83% of the village's housing hails from this era. Other housing ages represented in Glencoe include homes built before 1939 ( 32.57%) and housing constructed between 2000 and later ( 17.19%). There's also some housing in Glencoe built between 1970-1999 ( 15.41%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Glencoe, where house values have increased just 37.99%, which is annualized rate of 3.27%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Glencoe appreciation rates have trailed the rest of the nation. In the last twelve months, Glencoe'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 Glencoe were at 0.21%, which equates to an annual appreciation rate of 0.86%.
Relative to Illinois, our data show that Glencoe's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.
$1,364,994
for Illinois
for nation
3,072
$2,696 / per month