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 40,661 people, 14,774 houses or apartments, and a median cost of homes of $386,233, Crystal Lake real estate is some of the most expensive in Illinois, although Crystal Lake home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Crystal Lake, accounting for 67.28% of the city's housing units. Other types of housing that are prevalent in Crystal Lake include large apartment complexes or high rise apartments ( 15.34%), row houses and other attached homes ( 10.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.98%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crystal Lake. Owner-occupied housing accounts for 77.33% of Crystal Lake's homes, and 63.23% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Crystal Lake 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 Crystal Lake built between 1940-1969 ( 18.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.64%). There's also some housing in Crystal Lake built before 1939 ( 6.04%).
Real estate appreciation rates in Crystal Lake's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.29% during the period.
Appreciation rates are so strong in Crystal Lake that despite a nationwide downturn in the housing market, Crystal Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crystal Lake appreciation rates continue to be some of the highest in America, at 9.13%, which is higher than appreciation rates in 81.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crystal Lake. Crystal Lake 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 Crystal Lake's latest annual appreciation rate is higher than 70% 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 Crystal Lake differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crystal Lake - 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 Crystal Lake real estate investment or home purchase decisions.
$386,233
for Illinois
for nation
14,774
$2,591 / per month