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 11,085 people, 4,609 houses or apartments, and a median cost of homes of $135,442, house prices in Pontiac 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 Pontiac, accounting for 64.63% of the city's housing units. Other types of housing that are prevalent in Pontiac include large apartment complexes or high rise apartments ( 15.21%), duplexes, homes converted to apartments or other small apartment buildings ( 10.55%), and a few mobile homes or trailers ( 6.45%).
The most prevalent building size and type in Pontiac are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.56% owning and 47.44% renting.
There is a lot of housing in Pontiac 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 Pontiac built between 1940-1969 ( 32.49%). A lesser amount of the housing stock also hails from before 1939 ( 25.23%). There's also some housing in Pontiac built between 2000 and later ( 7.83%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Pontiac, where house values have increased just 32.11%, which is annualized rate of 2.82%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Pontiac appreciation rates have trailed the rest of the nation. In the last twelve months, Pontiac's appreciation rate has been 3.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pontiac were at 1.42%, which equates to an annual appreciation rate of 5.82%.
Relative to Illinois, our data show that Pontiac's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.
$135,442
for Illinois
for nation
4,609
$1,233 / per month