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 9,578, 3,091 total housing units (homes and apartments), and a median house value of $138,221, house prices in Sauk Village are some of the most affordable in Illinois as well as the nation.
Single-family detached homes are the single most common housing type in Sauk Village, accounting for 80.49% of the village's housing units. Other types of housing that are prevalent in Sauk Village include mobile homes or trailers ( 7.77%), row houses and other attached homes ( 6.80%), and a few large apartment complexes or high rise apartments ( 3.86%).
The most prevalent building size and type in Sauk Village are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.93% owning and 44.07% renting.
There is a lot of housing in Sauk Village 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 Sauk Village built between 1940-1969 ( 32.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.97%). There's also some housing in Sauk Village built before 1939 ( 1.67%).
Vacant housing appears to be an issue in Sauk Village. Fully 18.27% of the housing stock is classified as vacant. Left unchecked, vacant Sauk Village homes and apartments can be a drag on the real estate market, holding Sauk Village real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Sauk Village's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sauk Village during the period has been just 5.56%, which is lower than 70% of US communities.
Appreciation rates are so strong in Sauk Village that despite a nationwide downturn in the housing market, Sauk Village real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sauk Village appreciation rates continue to be some of the highest in America, at 8.02%, which is higher than appreciation rates in 70.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sauk Village. Sauk Village appreciation rates in the latest quarter were at 2.79%, which equates to an annual appreciation rate of 11.64%.
Relative to Illinois, our data show that Sauk Village's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.
$138,221
for Illinois
for nation
3,091
$2,715 / per month