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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.



Chatham, 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

Chatham, IL Housing Market Trends

With a population of 14,466, 5,420 total housing units (homes and apartments), and a median house value of $282,853, Chatham real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Chatham, accounting for 77.40% of the village's housing units. Other types of housing that are prevalent in Chatham include large apartment complexes or high rise apartments ( 10.91%), row houses and other attached homes ( 5.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chatham. Owner-occupied housing accounts for 79.57% of Chatham's homes, and 69.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chatham 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 Chatham built between 2000 and later ( 36.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.63%). There's also some housing in Chatham built before 1939 ( 3.18%).

Chatham Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Chatham, where house values have increased just 47.03%, which is annualized rate of 3.93%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Chatham appreciation rates have trailed the rest of the nation. In the last twelve months, Chatham's appreciation rate has been 5.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chatham were at 1.97%, which equates to an annual appreciation rate of 8.13%.

Relative to Illinois, our data show that Chatham's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$282,853

Chatham, IL Home Prices
> $1,300,000
$975,001 - $1,300,000
$650,001 - $975,000
$520,001 - $650,000
$390,001 - $520,000
$260,001 - $390,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
0.9%
0.9%
0.1%
0.1%
3.0%
3.0%
5.0%
5.0%
16.2%
16.2%
34.5%
34.5%
33.0%
33.0%
3.3%
3.3%
3.7%
3.7%
0% 100.0%
% of Homes
High

for Illinois

Average

for nation

Number of Homes And Apartments:

5,420

Chatham Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,801 / per month

Homeownership Rate

Owners
Renters
79.6%
79.6%
20.4%
20.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.3%
36.3%
52.8%
52.8%
7.6%
7.6%
3.2%
3.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.4%
77.4%
5.6%
5.6%
4.6%
4.6%
10.9%
10.9%
1.5%
1.5%
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
0.2%
0.2%
5.2%
5.2%
19.0%
19.0%
46.5%
46.5%
23.3%
23.3%
5.8%
5.8%
0% 100.0%
% of Homes