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 5,745, 2,550 total housing units (homes and apartments), and a median house value of $626,241, Willow Springs house prices are not only among the most expensive in Illinois, Willow Springs 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 Willow Springs, accounting for 62.98% of the village's housing units. Other types of housing that are prevalent in Willow Springs include row houses and other attached homes ( 16.53%), large apartment complexes or high rise apartments ( 15.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.21%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Willow Springs. Owner-occupied housing accounts for 84.12% of Willow Springs's homes, and 56.10% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Willow Springs 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 Willow Springs built between 1940-1969 ( 23.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.11%). There's also some housing in Willow Springs built before 1939 ( 9.81%).
Willow Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Willow Springs during the period has been just 4.61%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Willow Springs's appreciation rate, at 7.24%, has been at or slightly above the national average. In the latest quarter, Willow Springs's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Illinois, our data show that Willow Springs's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.
$626,241
for Illinois
for nation
2,550
$2,964 / per month