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 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%).
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.
$282,853
for Illinois
for nation
5,420
$1,801 / per month