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 20,874 people, 8,275 houses or apartments, and a median cost of homes of $188,908, house prices in East Moline are solidly below the national average.
Single-family detached homes are the single most common housing type in East Moline, accounting for 63.55% of the city's housing units. Other types of housing that are prevalent in East Moline include large apartment complexes or high rise apartments ( 20.54%), duplexes, homes converted to apartments or other small apartment buildings ( 8.83%), and a few row houses and other attached homes ( 4.37%).
The most prevalent building size and type in East Moline are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.95% owning and 39.05% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. East Moline's housing was primarily built during this period, from the '40s through the '60s. A full 41.14% of the city's housing hails from this era. Other housing ages represented in East Moline include homes built between 1970-1999 ( 36.19%) and housing constructed before 1939 ( 14.87%). There's also some housing in East Moline built between 2000 and later ( 7.80%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in East Moline, where house values have increased just 46.54%, which is annualized rate of 3.90%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, East Moline's appreciation rate, at 5.38%, has been at or slightly above the national average. In the latest quarter, East Moline's appreciation rate has been 3.22%, which annualizes to a rate of 13.52%.
Importantly, this makes East Moline one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Illinois, our data show that East Moline's latest annual appreciation rate is lower than 80% 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 East Moline differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Moline - 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 East Moline real estate investment or home purchase decisions.
$188,908
for Illinois
for nation
8,275
$1,148 / per month