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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Villa Park, IL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Villa Park, IL Housing Market Trends

With 21,791 people, 8,251 houses or apartments, and a median cost of homes of $398,782, Villa Park real estate is some of the most expensive in Illinois, although Villa Park home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Villa Park, accounting for 72.76% of the village's housing units. Other types of housing that are prevalent in Villa Park include large apartment complexes or high rise apartments ( 19.76%), duplexes, homes converted to apartments or other small apartment buildings ( 5.57%), and a few row houses and other attached homes ( 1.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Villa Park. Owner-occupied housing accounts for 71.01% of Villa Park's homes, and 57.12% have either three or four bedrooms, which is average sized relative to America.

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. Villa Park's housing was primarily built during this period, from the '40s through the '60s. A full 55.88% of the village's housing hails from this era. Other housing ages represented in Villa Park include homes built between 1970-1999 ( 19.66%) and housing constructed before 1939 ( 18.81%). There's also some housing in Villa Park built between 2000 and later ( 5.65%).

Villa Park Home Appreciation Rates

Villa Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Villa Park during the period has been just 5.57%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Villa Park's appreciation rate, at 7.66%, has been at or slightly above the national average. In the latest quarter, Villa Park's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.

Relative to Illinois, our data show that Villa Park's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Villa Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Villa Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Villa Park real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$398,782

Villa Park, IL Home Prices
> $1,333,000
$1,000,001 - $1,333,000
$666,001 - $1,000,000
$533,001 - $666,000
$400,001 - $533,000
$267,001 - $400,000
$134,001 - $267,000
$67,001 - $134,000
$0 - $67,000
0.2%
0.2%
0.3%
0.3%
4.5%
4.5%
8.7%
8.7%
29.9%
29.9%
45.7%
45.7%
7.3%
7.3%
0.4%
0.4%
3.2%
3.2%
0% 100.0%
% of Homes
Very High

for Illinois

High

for nation

Number of Homes And Apartments:

8,251

Villa Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,149 / per month

Homeownership Rate

Owners
Renters
71.0%
71.0%
29.0%
29.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.5%
5.5%
94.5%
94.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.6%
5.6%
19.7%
19.7%
55.9%
55.9%
18.8%
18.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.8%
72.8%
1.9%
1.9%
5.6%
5.6%
19.8%
19.8%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.0%
3.0%
10.5%
10.5%
24.7%
24.7%
41.7%
41.7%
15.4%
15.4%
4.8%
4.8%
0% 100.0%
% of Homes