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 23,972 people, 11,089 houses or apartments, and a median cost of homes of $201,587, house prices in Collinsville are solidly below the national average.
Single-family detached homes are the single most common housing type in Collinsville, accounting for 66.86% of the city's housing units. Other types of housing that are prevalent in Collinsville include duplexes, homes converted to apartments or other small apartment buildings ( 13.40%), large apartment complexes or high rise apartments ( 10.60%), and a few row houses and other attached homes ( 6.48%).
The most prevalent building size and type in Collinsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.10% owning and 35.90% renting.
There is a lot of housing in Collinsville 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 Collinsville built between 1940-1969 ( 34.17%). A lesser amount of the housing stock also hails from before 1939 ( 15.65%). There's also some housing in Collinsville built between 2000 and later ( 12.49%).
Collinsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Collinsville during the period has been just 4.92%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Collinsville's appreciation rate, at 6.16%, has been at or slightly above the national average. In the latest quarter, Collinsville's appreciation rate has been 1.09%, which annualizes to a rate of 4.45%.
Relative to Illinois, our data show that Collinsville's latest annual appreciation rate is lower than 70% 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 city. Individual neighborhoods within Collinsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Collinsville - 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 Collinsville real estate investment or home purchase decisions.
$201,587
for Illinois
for nation
11,089
$1,539 / per month