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 10,351, 4,378 total housing units (homes and apartments), and a median house value of $130,127, house prices in Wood River are some of the most affordable in Illinois as well as the nation.
Single-family detached homes are the single most common housing type in Wood River, accounting for 84.55% of the city's housing units. Other types of housing that are prevalent in Wood River include large apartment complexes or high rise apartments ( 9.89%), duplexes, homes converted to apartments or other small apartment buildings ( 3.77%), and a few mobile homes or trailers ( 1.40%).
Dwellings in Wood River tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 53.80% of the homes in Wood River have two or fewer bedrooms.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Wood River's housing was primarily built during this period, from the '40s through the '60s. A full 49.60% of the city's housing hails from this era. Other housing ages represented in Wood River include homes built before 1939 ( 27.84%) and housing constructed between 1970-1999 ( 16.79%). There's also some housing in Wood River built between 2000 and later ( 5.77%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Wood River, where house values have increased just 45.33%, which is annualized rate of 3.81%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Wood River appreciation rates have trailed the rest of the nation. In the last twelve months, Wood River's appreciation rate has been 2.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wood River were at 1.09%, which equates to an annual appreciation rate of 4.45%.
Relative to Illinois, our data show that Wood River's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.
$130,127
for Illinois
for nation
4,378
$1,447 / per month