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 10,483 people, 4,875 houses or apartments, and a median cost of homes of $287,637, Crestwood real estate and house prices are near the national average for all cities and towns.
Large apartment complexes or high rise apartments are the single most common housing type in Crestwood, accounting for 53.53% of the village's housing units. Other types of housing that are prevalent in Crestwood include single-family detached homes ( 43.13%), duplexes, homes converted to apartments or other small apartment buildings ( 1.89%), and a few row houses and other attached homes ( 1.45%). Villages that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of villages are often walkable and compact, and often have a lively downtown.
Dwellings in Crestwood tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 60.86% of the homes in Crestwood have two or fewer bedrooms.
There is a lot of housing in Crestwood 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 Crestwood built between 1940-1969 ( 28.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.13%). There's also some housing in Crestwood built before 1939 ( 2.35%).
Crestwood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Crestwood during the period has been just 4.81%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Crestwood's appreciation rate, at 6.78%, has been at or slightly above the national average. In the latest quarter, Crestwood's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Illinois, our data show that Crestwood's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.
$287,637
for Illinois
for nation
4,875
$1,877 / per month