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 9,373 people, 2,936 houses or apartments, and a median cost of homes of $685,674, Hawthorn Woods house prices are not only among the most expensive in Illinois, Hawthorn Woods real estate also is some of the most expensive in all of America.
Hawthorn Woods is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Hawthorn Woods than is found in 98% of the communities in America.
The large homes that make up Hawthorn Woods are primarily owner-occupied ( 97.58%).
There is a lot of housing in Hawthorn Woods 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 Hawthorn Woods built between 2000 and later ( 42.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.02%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Hawthorn Woods, where house values have increased just 45.78%, which is annualized rate of 3.84%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Hawthorn Woods that despite a nationwide downturn in the housing market, Hawthorn Woods real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hawthorn Woods appreciation rates continue to be some of the highest in America, at 8.91%, which is higher than appreciation rates in 75.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hawthorn Woods. Hawthorn Woods 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 Hawthorn Woods's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.
$685,674
for Illinois
for nation
2,936
$3,971 / per month