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 8,722 people, 3,583 houses or apartments, and a median cost of homes of $405,776, Harwood Heights real estate is some of the most expensive in Illinois, although Harwood Heights home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Harwood Heights, accounting for 47.67% of the village's housing units. Other types of housing that are prevalent in Harwood Heights include large apartment complexes or high rise apartments ( 40.30%), duplexes, homes converted to apartments or other small apartment buildings ( 11.66%).
People in Harwood Heights primarily live in small (one, two or no bedroom) single-family detached homes. Harwood Heights has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Harwood Heights's housing was primarily built during this period, from the '40s through the '60s. A full 50.42% of the village's housing hails from this era. Other housing ages represented in Harwood Heights include homes built between 1970-1999 ( 28.80%) and housing constructed between 2000 and later ( 15.14%). There's also some housing in Harwood Heights built before 1939 ( 5.64%).
Harwood Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Harwood Heights during the period has been just 5.20%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Harwood Heights's appreciation rate, at 9.88%, has been at or slightly above the national average. In the latest quarter, Harwood Heights's appreciation rate has been 1.52%, which annualizes to a rate of 6.23%.
Relative to Illinois, our data show that Harwood Heights's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.
$405,776
for Illinois
for nation
3,583
$1,928 / per month