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 10,312, 4,779 total housing units (homes and apartments), and a median house value of $130,934, house prices in Taylorville are some of the most affordable in Illinois as well as the nation.
Single-family detached homes are the single most common housing type in Taylorville, accounting for 76.96% of the city's housing units. Other types of housing that are prevalent in Taylorville include large apartment complexes or high rise apartments ( 11.46%), duplexes, homes converted to apartments or other small apartment buildings ( 5.10%), and a few mobile homes or trailers ( 3.76%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Taylorville. Owner-occupied housing accounts for 68.97% of Taylorville's homes, and 51.97% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Taylorville 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 Taylorville built between 1940-1969 ( 25.22%). A lesser amount of the housing stock also hails from before 1939 ( 24.69%). There's also some housing in Taylorville built between 2000 and later ( 8.36%).
Vacant housing appears to be an issue in Taylorville. Fully 12.39% of the housing stock is classified as vacant. Left unchecked, vacant Taylorville homes and apartments can be a drag on the real estate market, holding Taylorville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Taylorville, where house values have increased just 49.70%, which is annualized rate of 4.12%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Taylorville that despite a nationwide downturn in the housing market, Taylorville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Taylorville appreciation rates continue to be some of the highest in America, at 8.69%, which is higher than appreciation rates in 77.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Taylorville. Taylorville appreciation rates in the latest quarter were at 1.42%, which equates to an annual appreciation rate of 5.82%.
Relative to Illinois, our data show that Taylorville's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.
$130,934
for Illinois
for nation
4,779
$912 / per month