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 12,199 people, 4,511 houses or apartments, and a median cost of homes of $271,356, Justice real estate and house prices are near the national average for all cities and towns.
Large apartment complexes or high rise apartments are the single most common housing type in Justice, accounting for 41.57% of the village's housing units. Other types of housing that are prevalent in Justice include single-family detached homes ( 36.35%), row houses and other attached homes ( 11.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.58%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.
People in Justice primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Justice has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Justice 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 Justice built between 1940-1969 ( 30.01%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.00%). There's also some housing in Justice built before 1939 ( 1.01%).
Real estate appreciation rates in Justice's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.24% during the period.
NeighborhoodScout's data show that during the latest twelve months, Justice's appreciation rate, at 5.76%, has been at or slightly above the national average. In the latest quarter, Justice's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Illinois, our data show that Justice's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.
$271,356
for Illinois
for nation
4,511
$1,938 / per month