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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.



Geneva, 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

Geneva, IL Housing Market Trends

With 21,228 people, 8,141 houses or apartments, and a median cost of homes of $536,990, Geneva real estate is some of the most expensive in Illinois, although Geneva home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Geneva, accounting for 72.75% of the city's housing units. Other types of housing that are prevalent in Geneva include row houses and other attached homes ( 12.70%), duplexes, homes converted to apartments or other small apartment buildings ( 7.24%), and a few large apartment complexes or high rise apartments ( 7.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Geneva. Owner-occupied housing accounts for 84.75% of Geneva's homes, and 68.91% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Geneva 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 Geneva built between 2000 and later ( 20.40%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.52%). There's also some housing in Geneva built before 1939 ( 10.15%).

Geneva Home Appreciation Rates

Geneva's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Geneva during the period has been just 4.83%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Geneva's appreciation rate, at 7.80%, has been at or slightly above the national average. In the latest quarter, Geneva's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.

Relative to Illinois, our data show that Geneva'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 city. Individual neighborhoods within Geneva differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Geneva - 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 Geneva real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$536,990

Geneva, IL Home Prices
> $1,357,000
$1,017,001 - $1,357,000
$679,001 - $1,017,000
$543,001 - $679,000
$407,001 - $543,000
$271,001 - $407,000
$135,001 - $271,000
$68,001 - $135,000
$0 - $68,000
2.6%
2.6%
1.9%
1.9%
18.2%
18.2%
23.3%
23.3%
27.0%
27.0%
22.5%
22.5%
3.3%
3.3%
0.8%
0.8%
0.4%
0.4%
0% 100.0%
% of Homes
Very High

for Illinois

Very High

for nation

Number of Homes And Apartments:

8,141

Geneva Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,708 / per month

Homeownership Rate

Owners
Renters
84.8%
84.8%
15.2%
15.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.0%
3.0%
97.0%
97.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.4%
20.4%
52.9%
52.9%
16.5%
16.5%
10.1%
10.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.8%
72.8%
12.7%
12.7%
7.2%
7.2%
7.1%
7.1%
0.2%
0.2%
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%
1.6%
1.6%
21.1%
21.1%
32.4%
32.4%
36.5%
36.5%
8.3%
8.3%
0% 100.0%
% of Homes