Roscoe, 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

Roscoe, IL Housing Market Trends

With 10,510 people, 3,822 houses or apartments, and a median cost of homes of $195,190, Roscoe real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Roscoe, accounting for 73.30% of the village's housing units. Other types of housing that are prevalent in Roscoe include duplexes, homes converted to apartments or other small apartment buildings ( 15.65%), row houses and other attached homes ( 5.48%), and a few large apartment complexes or high rise apartments ( 3.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Roscoe. Owner-occupied housing accounts for 77.32% of Roscoe's homes, and 75.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Roscoe 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 Roscoe built between 2000 and later ( 41.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.10%). There's also some housing in Roscoe built before 1939 ( 1.79%).

Roscoe Home Appreciation Rates

Roscoe's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Roscoe during the period has been just 2.15%, which is lower than 80% of US communities.

Over the last year, Roscoe appreciation rates have trailed the rest of the nation. In the last twelve months, Roscoe's appreciation rate has been 7.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Roscoe were at 1.69%, which equates to an annual appreciation rate of 6.93%.

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

Relative to Illinois, our data show that Roscoe's latest annual appreciation rate is higher than 80% 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 village. Individual neighborhoods within Roscoe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Roscoe - 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 Roscoe real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$195,190

Roscoe, IL HOME PRICES

> $1,169,000
0.5%
0.5%
$877,001 - $1,169,000
0.2%
0.2%
$584,001 - $877,000
0.3%
0.3%
$468,001 - $584,000
1.9%
1.9%
$351,001 - $468,000
4.7%
4.7%
$234,001 - $351,000
20.6%
20.6%
$117,001 - $234,000
63.4%
63.4%
$58,001 - $117,000
6.3%
6.3%
$0 - $58,000
2.0%
2.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for IL

Value Relative To Nation

Number Of Homes And Apartments:
3,822

Roscoe 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
29.74% 1.22%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,469 / per month

Homeownership Rate

Owners
77.3%
77.3%
Renters
22.7%
22.7%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
41.9%
41.9%
1970 - 1999
50.2%
50.2%
1940 - 1969
6.1%
6.1%
1939 or Older
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.3%
73.3%
Townhomes
5.5%
5.5%
Small Apt. Buildings
15.7%
15.7%
Apt. Complexes
3.8%
3.8%
Mobile Homes
1.8%
1.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
0.6%
0.6%
2 Bedrooms
19.2%
19.2%
3 Bedrooms
49.0%
49.0%
4 Bedrooms
26.6%
26.6%
5 or more bedrooms
3.9%
3.9%
0.0% 100.0%
% OF HOMES