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 5,815, 2,545 total housing units (homes and apartments), and a median house value of $204,332, house prices in Carterville are solidly below the national average.
Single-family detached homes are the single most common housing type in Carterville, accounting for 71.08% of the city's housing units. Other types of housing that are prevalent in Carterville include duplexes, homes converted to apartments or other small apartment buildings ( 18.90%), large apartment complexes or high rise apartments ( 5.91%), and a few mobile homes or trailers ( 3.27%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carterville. Owner-occupied housing accounts for 70.73% of Carterville's homes, and 66.84% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Carterville 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 Carterville built between 2000 and later ( 26.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.11%). There's also some housing in Carterville built before 1939 ( 9.33%).
Carterville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Carterville during the period has been just 4.69%, which is lower than 80% of US communities.
Appreciation rates are so strong in Carterville that despite a nationwide downturn in the housing market, Carterville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carterville appreciation rates continue to be some of the highest in America, at 18.14%, which is higher than appreciation rates in 98.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carterville. Carterville appreciation rates in the latest quarter were at 8.94%, which equates to an annual appreciation rate of 40.85%.
Importantly, this makes Carterville 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 Carterville's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.
$204,332
for Illinois
for nation
2,545
$1,382 / per month