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 19,766, 7,299 total housing units (homes and apartments), and a median house value of $426,923, Mokena real estate is some of the most expensive in Illinois, although Mokena home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Mokena, accounting for 71.52% of the village's housing units. Other types of housing that are prevalent in Mokena include row houses and other attached homes ( 17.51%), large apartment complexes or high rise apartments ( 6.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.07%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mokena. Owner-occupied housing accounts for 90.90% of Mokena's homes, and 69.00% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mokena 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 Mokena built between 2000 and later ( 36.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.92%). There's also some housing in Mokena built before 1939 ( 2.06%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Mokena, where house values have increased just 48.24%, which is annualized rate of 4.01%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Mokena appreciation rates have trailed the rest of the nation. In the last twelve months, Mokena's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mokena were at 0.21%, which equates to an annual appreciation rate of 0.86%.
Relative to Illinois, our data show that Mokena'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 village. Individual neighborhoods within Mokena differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mokena - 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 Mokena real estate investment or home purchase decisions.
$426,923
for Illinois
for nation
7,299
$2,721 / per month