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 49,354, 20,196 total housing units (homes and apartments), and a median house value of $569,217, Downers Grove house prices are not only among the most expensive in Illinois, Downers Grove real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Downers Grove, accounting for 62.68% of the village's housing units. Other types of housing that are prevalent in Downers Grove include large apartment complexes or high rise apartments ( 27.97%), row houses and other attached homes ( 6.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.48%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Downers Grove. Owner-occupied housing accounts for 74.45% of Downers Grove's homes, and 56.42% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Downers Grove 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 Downers Grove built between 1940-1969 ( 33.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.12%). There's also some housing in Downers Grove built before 1939 ( 8.93%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Downers Grove, where house values have increased just 54.26%, which is annualized rate of 4.43%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Downers Grove's appreciation rate, at 6.93%, has been at or slightly above the national average. In the latest quarter, Downers Grove's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Illinois, our data show that Downers Grove's latest annual appreciation rate is lower than 60% 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 village. Individual neighborhoods within Downers Grove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Downers Grove - 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 Downers Grove real estate investment or home purchase decisions.
$569,217
for Illinois
for nation
20,196
$2,959 / per month