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 11,327 people, 4,341 houses or apartments, and a median cost of homes of $893,995, River Forest house prices are not only among the most expensive in Illinois, River Forest real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in River Forest, accounting for 58.65% of the village's housing units. Other types of housing that are prevalent in River Forest include large apartment complexes or high rise apartments ( 29.25%), row houses and other attached homes ( 6.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.35%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in River Forest. Owner-occupied housing accounts for 80.36% of River Forest's homes, and 52.40% have either three or four bedrooms, which is average sized relative to America.
The housing in River Forest was primarily built before 1939 ( 42.87%), making the housing stock in River Forest some of the oldest overall in America, although there is a range of ages of homes in River Forest. The next most important housing age is between 1940-1969 ( 33.76%), followed by between 1970-1999 ( 14.24%). There's also some housing in River Forest built between 2000 and later ( 9.13%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in River Forest, where house values have increased just 43.83%, which is annualized rate of 3.70%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, River Forest's appreciation rate, at 10.64%, has been at or slightly above the national average. In the latest quarter, River Forest's appreciation rate has been 2.59%, which annualizes to a rate of 10.77%.
Relative to Illinois, our data show that River Forest's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.
$893,995
for Illinois
for nation
4,341
$1,991 / per month