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 13,926 people, 4,347 houses or apartments, and a median cost of homes of $341,310, Channahon real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Channahon, accounting for 86.96% of the village's housing units. Other types of housing that are prevalent in Channahon include row houses and other attached homes ( 6.43%), large apartment complexes or high rise apartments ( 4.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Channahon. Owner-occupied housing accounts for 88.98% of Channahon's homes, and 77.96% have either three or four bedrooms, which is average sized relative to America.
Channahon homes and real estate are some of the newest in America. 44.72% of Channahon'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 Channahon real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.03%), and between 1940-1969 ( 11.17%). There's also some housing in Channahon built before 1939 ( 2.07%).
Real estate appreciation rates in Channahon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.06% during the period.
Appreciation rates are so strong in Channahon that despite a nationwide downturn in the housing market, Channahon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Channahon appreciation rates continue to be some of the highest in America, at 8.45%, which is higher than appreciation rates in 75.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Channahon. Channahon 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 Channahon's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.
$341,310
for Illinois
for nation
4,347
$3,075 / per month