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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$253,661

Number Of Homes And Apartments:
4,884,061

Illinois Home Prices

> $1,224,142
1.8%
1.8%
$918,001 - $1,224,142
1.9%
1.9%
$612,150 - $918,000
5.7%
5.7%
$489,574 - $612,149
5.9%
5.9%
$367,263 - $489,573
12.6%
12.6%
$244,832 - $367,262
22.4%
22.4%
$122,431 - $244,831
30.6%
30.6%
$61,214 - $122,430
13.2%
13.2%
$0 - $61,213
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Illinois Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
2.33% 9.66%
4
Last 12 Months:
2020 Q4 - 2021 Q4
11.92% 11.92%
1
Last 2 Years:
2019 Q4 - 2021 Q4
15.67% 7.55%
1
Last 5 Years:
2016 Q4 - 2021 Q4
24.52% 4.48%
1
Last 10 Years:
2011 Q4 - 2021 Q4
36.70% 3.18%
1
Since 2000:
2000 Q1 - 2021 Q4
69.62% 2.46%
1
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,517 / per month

Homeownership Rate

Owners
64.7%
64.7%
Renters
35.3%
35.3%
Vacant
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
14.0%
14.0%
1970 - 1999
34.8%
34.8%
1940 - 1969
30.3%
30.3%
1939 or Older
21.0%
21.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.8%
58.8%
Townhomes
5.8%
5.8%
Small Apt. Buildings
12.0%
12.0%
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
2.9%
2.9%
1 Bedroom
11.3%
11.3%
2 Bedrooms
28.1%
28.1%
3 Bedrooms
36.5%
36.5%
4 Bedrooms
16.7%
16.7%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES