Illinois
REAL ESTATE APPRECIATION & HOUSING MARKET TRENDS






Illinois Real Estate Market & Appreciation

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

Average Home Values

Median Home Value:
$219,538

Number Of Homes And Apartments:
4,846,134

Illinois Home Prices

> $1,141,000
1.7%
1.7%
$855,833 - $1,141,000
1.8%
1.8%
$570,565 - $855,832
5.1%
5.1%
$456,377 - $570,564
5.3%
5.3%
$342,327 - $456,376
11.4%
11.4%
$228,166 - $342,326
21.2%
21.2%
$114,107 - $228,165
32.0%
32.0%
$57,061 - $114,106
15.0%
15.0%
$0 - $57,060
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q1 - 2021 Q2
4.40% 18.78%
4
Last 12 Months:
2020 Q2 - 2021 Q2
7.89% 7.89%
2
Last 2 Years:
2019 Q2 - 2021 Q2
10.49% 5.12%
1
Last 5 Years:
2016 Q2 - 2021 Q2
19.33% 3.60%
1
Last 10 Years:
2011 Q2 - 2021 Q2
29.76% 2.64%
1
Since 2000:
2000 Q1 - 2021 Q2
59.93% 2.23%
1
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,439 / per month

Homeownership Rate

Owners
64.5%
64.5%
Renters
35.5%
35.5%
Vacant
9.6%
9.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
13.5%
13.5%
1970 - 1999
34.5%
34.5%
1940 - 1969
30.5%
30.5%
1939 or Older
21.4%
21.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.8%
58.8%
Townhomes
5.8%
5.8%
Small Apt. Buildings
12.1%
12.1%
Apt. Complexes
20.9%
20.9%
Mobile Homes
2.4%
2.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.0%
3.0%
1 Bedroom
11.2%
11.2%
2 Bedrooms
28.4%
28.4%
3 Bedrooms
36.4%
36.4%
4 Bedrooms
16.6%
16.6%
5 or more bedrooms
4.4%
4.4%
0.0% 100.0%
% OF HOMES