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 7,914, 3,142 total housing units (homes and apartments), and a median house value of $424,804, West Dundee real estate is some of the most expensive in Illinois, although West Dundee home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in West Dundee, accounting for 56.32% of the village's housing units. Other types of housing that are prevalent in West Dundee include large apartment complexes or high rise apartments ( 29.07%), duplexes, homes converted to apartments or other small apartment buildings ( 9.17%), and a few row houses and other attached homes ( 5.44%).
The most prevalent building size and type in West Dundee are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 55.00% owning and 45.00% renting.
There is a lot of housing in West Dundee 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 West Dundee built between 2000 and later ( 25.34%). A lesser amount of the housing stock also hails from before 1939 ( 19.52%). There's also some housing in West Dundee built between 1940-1969 ( 11.51%).
Real estate appreciation rates in West Dundee's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.26% during the period.
Appreciation rates are so strong in West Dundee that despite a nationwide downturn in the housing market, West Dundee real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Dundee appreciation rates continue to be some of the highest in America, at 9.14%, which is higher than appreciation rates in 81.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Dundee. West Dundee 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 West Dundee's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.
$424,804
for Illinois
for nation
3,142
$2,928 / per month