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 12,199, 4,511 total housing units (homes and apartments), and a median house value of $262,023, Justice 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 Justice, accounting for 41.57% of the village's housing units. Other types of housing that are prevalent in Justice include single-family detached homes ( 36.35%), row houses and other attached homes ( 11.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.58%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.
People in Justice primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Justice has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Justice 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 Justice built between 1940-1969 ( 30.01%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.00%). There's also some housing in Justice built before 1939 ( 1.01%).
Real estate appreciation rates in Justice's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.32% during the period.
Over the last year, Justice appreciation rates have trailed the rest of the nation. In the last twelve months, Justice's appreciation rate has been 6.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Justice were at 0.00%, which equates to an annual appreciation rate of -0.16%.
Relative to Illinois, our data show that Justice's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.
$262,023
for Illinois
for nation
4,511
$1,875 / per month