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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.



Glen Carbon, 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

Glen Carbon, IL Housing Market Trends

With a population of 13,847, 5,559 total housing units (homes and apartments), and a median house value of $367,433, Glen Carbon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glen Carbon, accounting for 66.48% of the village's housing units. Other types of housing that are prevalent in Glen Carbon include duplexes, homes converted to apartments or other small apartment buildings ( 13.46%), large apartment complexes or high rise apartments ( 10.34%), and a few row houses and other attached homes ( 6.67%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glen Carbon. Owner-occupied housing accounts for 65.70% of Glen Carbon's homes, and 55.71% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glen Carbon 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 Glen Carbon built between 2000 and later ( 27.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.40%). There's also some housing in Glen Carbon built before 1939 ( 5.82%).

Glen Carbon Home Appreciation Rates

Glen Carbon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glen Carbon during the period has been just 4.85%, which is lower than 80% of US communities.

Appreciation rates are so strong in Glen Carbon that despite a nationwide downturn in the housing market, Glen Carbon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glen Carbon appreciation rates continue to be some of the highest in America, at 8.00%, which is higher than appreciation rates in 70.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glen Carbon. Glen Carbon appreciation rates in the latest quarter were at 1.09%, which equates to an annual appreciation rate of 4.45%.

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

Average Home Values

Median Home Value

$367,433

Glen Carbon, IL Home Prices
> $1,307,000
$980,001 - $1,307,000
$653,001 - $980,000
$523,001 - $653,000
$392,001 - $523,000
$262,001 - $392,000
$131,001 - $262,000
$66,001 - $131,000
$0 - $66,000
2.9%
2.9%
0.4%
0.4%
6.5%
6.5%
14.9%
14.9%
17.7%
17.7%
31.6%
31.6%
20.9%
20.9%
2.3%
2.3%
2.7%
2.7%
0% 100.0%
% of Homes
Very High

for Illinois

High

for nation

Number of Homes And Apartments:

5,559

Glen Carbon Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,686 / per month

Homeownership Rate

Owners
Renters
65.7%
65.7%
34.3%
34.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.2%
3.2%
96.8%
96.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.2%
27.2%
56.6%
56.6%
10.4%
10.4%
5.8%
5.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.5%
66.5%
6.7%
6.7%
13.5%
13.5%
10.3%
10.3%
3.0%
3.0%
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
0.0%
0.0%
9.8%
9.8%
23.8%
23.8%
32.5%
32.5%
23.2%
23.2%
10.7%
10.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Glen Carbon

Zip Codes in Glen Carbon, IL