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 14,092, 4,701 total housing units (homes and apartments), and a median house value of $292,583, Beach Park real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Beach Park, accounting for 68.16% of the village's housing units. Other types of housing that are prevalent in Beach Park include mobile homes or trailers ( 17.54%), row houses and other attached homes ( 11.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.96%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beach Park. Owner-occupied housing accounts for 81.27% of Beach Park's homes, and 72.12% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Beach Park 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 Beach Park built between 2000 and later ( 31.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.65%). There's also some housing in Beach Park built before 1939 ( 4.43%).
Appreciation rates for homes in Beach Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.70%, which ranks in the top 30% nationwide. This equates to an annual average Beach Park house appreciation rate of 7.48%.
Appreciation rates are so strong in Beach Park that despite a nationwide downturn in the housing market, Beach Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beach Park appreciation rates continue to be some of the highest in America, at 8.50%, which is higher than appreciation rates in 75.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beach Park. Beach Park 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 Beach Park's latest annual appreciation rate is higher than 60% of the other cities and towns in Illinois.
$292,583
for Illinois
for nation
4,701
$2,118 / per month