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 9,178 people, 3,355 houses or apartments, and a median cost of homes of $555,092, Sugar Grove house prices are not only among the most expensive in Illinois, Sugar 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 Sugar Grove, accounting for 70.77% of the village's housing units. Other types of housing that are prevalent in Sugar Grove include row houses and other attached homes ( 22.94%), large apartment complexes or high rise apartments ( 3.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.77%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sugar Grove. Owner-occupied housing accounts for 91.95% of Sugar Grove's homes, and 65.94% have either three or four bedrooms, which is average sized relative to America.
Sugar Grove homes and real estate are some of the newest in America. 57.79% of Sugar Grove's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Sugar Grove real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.29%), and between 1940-1969 ( 4.54%). There's also some housing in Sugar Grove built before 1939 ( 3.38%).
Appreciation rates for homes in Sugar Grove have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.03%, which ranks in the top 50% nationwide. This equates to an annual average Sugar Grove house appreciation rate of 6.85%.
Appreciation rates are so strong in Sugar Grove that despite a nationwide downturn in the housing market, Sugar Grove real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sugar Grove appreciation rates continue to be some of the highest in America, at 12.74%, which is higher than appreciation rates in 95.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sugar Grove. Sugar Grove 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 Sugar Grove's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.
$555,092
for Illinois
for nation
3,355
$1,050 / per month