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 9,178, 3,355 total housing units (homes and apartments), and a median house value of $466,723, Sugar Grove real estate is some of the most expensive in Illinois, although Sugar Grove home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Sugar Grove, accounting for 70.77% of the village's housing units. Other types of housing that are prevalent in Sugar Grove include row houses and other attached homes ( 22.94%), large apartment complexes or high rise apartments ( 3.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.77%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sugar Grove. Owner-occupied housing accounts for 91.95% of Sugar Grove's homes, and 65.94% have either three or four bedrooms, which is average sized relative to America.
Sugar Grove homes and real estate are some of the newest in America. 57.79% of Sugar Grove's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Sugar Grove real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.29%), and between 1940-1969 ( 4.54%). There's also some housing in Sugar Grove built before 1939 ( 3.38%).
Real estate appreciation rates in Sugar Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.44% during the period.
Over the last year, Sugar Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Sugar Grove'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 Sugar Grove were at 0.21%, which equates to an annual appreciation rate of 0.86%.
Relative to Illinois, our data show that Sugar Grove's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.
$466,723
for Illinois
for nation
3,355
$998 / per month