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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 20,158, 7,727 total housing units (homes and apartments), and a median house value of $356,600, Crest Hill real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Crest Hill, accounting for 45.87% of the city's housing units. Other types of housing that are prevalent in Crest Hill include large apartment complexes or high rise apartments ( 25.28%), row houses and other attached homes ( 23.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.42%).
People in Crest Hill primarily live in small (one, two or no bedroom) single-family detached homes. Crest Hill has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Crest Hill 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 Crest Hill built between 2000 and later ( 35.74%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.28%). There's also some housing in Crest Hill built before 1939 ( 7.96%).
Appreciation rates for homes in Crest Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.18%, which ranks in the top 30% nationwide. This equates to an annual average Crest Hill house appreciation rate of 7.45%.
Appreciation rates are so strong in Crest Hill that despite a nationwide downturn in the housing market, Crest Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crest Hill appreciation rates continue to be some of the highest in America, at 11.32%, which is higher than appreciation rates in 92.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crest Hill. Crest Hill 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 Crest Hill's latest annual appreciation rate is higher than 90% 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 city. Individual neighborhoods within Crest Hill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crest Hill - 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 Crest Hill real estate investment or home purchase decisions.
$356,600
for Illinois
for nation
7,727
$2,327 / per month