menu

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 2023. 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

Average Home Values

Median Home Value

$299,624

Number Of Homes And Apartments:

4,968,761

Illinois Home Prices

> $1,238,660
$929,102 - $1,238,660
$619,444 - $929,101
$495,557 - $619,443
$371,631 - $495,556
$247,816 - $371,630
$123,926 - $247,815
$61,949 - $123,925
$0 - $61,948
2.4%
2.4%
2.6%
2.6%
7.5%
7.5%
8.3%
8.3%
14.8%
14.8%
23.8%
23.8%
25.3%
25.3%
9.8%
9.8%
5.5%
5.5%
0% 100.0%
% of Homes

Illinois Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,952 / per month

Homeownership Rate

Owners
Renters
65.2%
65.2%
34.8%
34.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.4%
8.4%
91.6%
91.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.3%
15.3%
34.5%
34.5%
29.6%
29.6%
20.6%
20.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.4%
58.4%
6.0%
6.0%
11.8%
11.8%
21.5%
21.5%
2.3%
2.3%
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
2.9%
2.9%
11.5%
11.5%
27.9%
27.9%
36.2%
36.2%
16.8%
16.8%
4.7%
4.7%
0% 100.0%
% of Homes