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 40,220 people, 16,043 houses or apartments, and a median cost of homes of $301,472, DeKalb 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 DeKalb, accounting for 40.94% of the city's housing units. Other types of housing that are prevalent in DeKalb include large apartment complexes or high rise apartments ( 40.44%), row houses and other attached homes ( 9.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.57%).
People in DeKalb primarily live in small (one, two or no bedroom) single-family detached homes. DeKalb has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in DeKalb 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 DeKalb built between 1940-1969 ( 25.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.95%). There's also some housing in DeKalb built before 1939 ( 12.15%).
Real estate appreciation rates in DeKalb's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.05% during the period.
Appreciation rates are so strong in DeKalb that despite a nationwide downturn in the housing market, DeKalb real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, DeKalb appreciation rates continue to be some of the highest in America, at 10.82%, which is higher than appreciation rates in 90.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in DeKalb. DeKalb 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 DeKalb's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within DeKalb differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in DeKalb - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best DeKalb real estate investment or home purchase decisions.
$301,472
for Illinois
for nation
16,043
$1,823 / per month