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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Itasca, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Itasca, IL Housing Market Trends

With a population of 9,362, 3,841 total housing units (homes and apartments), and a median house value of $531,065, Itasca real estate is some of the most expensive in Illinois, although Itasca home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Itasca, accounting for 48.62% of the village's housing units. Other types of housing that are prevalent in Itasca include large apartment complexes or high rise apartments ( 30.26%), row houses and other attached homes ( 17.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Itasca. Owner-occupied housing accounts for 69.95% of Itasca's homes, and 51.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Itasca 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 Itasca built between 1940-1969 ( 29.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.36%). There's also some housing in Itasca built before 1939 ( 3.29%).

Itasca Home Appreciation Rates

Itasca's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Itasca during the period has been just 4.86%, which is lower than 80% of US communities.

Appreciation rates are so strong in Itasca that despite a nationwide downturn in the housing market, Itasca real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Itasca appreciation rates continue to be some of the highest in America, at 8.90%, which is higher than appreciation rates in 80.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Itasca. Itasca appreciation rates in the latest quarter were at 2.79%, which equates to an annual appreciation rate of 11.63%.

Relative to Illinois, our data show that Itasca's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$531,065

Itasca, IL Home Prices
> $1,295,000
$971,001 - $1,295,000
$648,001 - $971,000
$518,001 - $648,000
$388,001 - $518,000
$259,001 - $388,000
$129,001 - $259,000
$65,001 - $129,000
$0 - $65,000
1.7%
1.7%
4.2%
4.2%
18.2%
18.2%
22.9%
22.9%
27.1%
27.1%
18.1%
18.1%
5.7%
5.7%
0.1%
0.1%
2.0%
2.0%
0% 100.0%
% of Homes
Very High

for Illinois

Very High

for nation

Number of Homes And Apartments:

3,841

Itasca Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,566 / per month

Homeownership Rate

Owners
Renters
69.9%
69.9%
30.1%
30.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.7%
7.7%
92.3%
92.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.4%
23.4%
43.4%
43.4%
30.0%
30.0%
3.3%
3.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
48.6%
48.6%
17.8%
17.8%
3.3%
3.3%
30.3%
30.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
11.1%
11.1%
30.1%
30.1%
35.1%
35.1%
16.3%
16.3%
5.6%
5.6%
0% 100.0%
% of Homes