According to statistics, the population in Downers Grove, IL amounts to 49,649, which shows decline 0% compared to the previous year. The median age of the city’s residents is 43. The average household income is $85,546, shifting decline 0% from the past year, and the average property value in Downers Grove, IL growth 3% to $340,200 throughout the year.
|Number Of Employees||25,356|
|Median Property Value||$340,200|
The average household income in Downers Grove, IL grew from $85,171 to $85,546 in the past year. This data is an estimate based upon 20,042 households in Downers Grove, IL . The chart below presents how household income is distributed in Downers Grove, IL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Downers Grove, IL shifted from $331,600 to $340,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Downers Grove, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Downers Grove, IL properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Downers Grove, IL compared to median property taxes around the country. The prevalent amount of property taxes in Downers Grove, IL equals $3000, which is less than the national average.
|May||vs Last Month|
|4+ bed apartments||$829,856||-7.2%|
During May 2023, the average price for an apartment in/near Downers Grove, IL increased by 0.8% to $602,270.
Knowing the current property prices is key if you plan to buy a studio in Downers Grove, IL. The average price for a studio has decreased since the last month, currently being $125,000. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 4.4% to $129,000. Asking price for 2-bed apartment also increased by 0.5% and a place of this size will now cost you $248,357. A 3-bed apartment goes for $451,724, it decreased by 3.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 7.2% and made it down to $829,856.
|May||vs Last Month|
|Houses for sale||$704,165||+4%|
|Condos for sale||$330,549||-6.6%|
Price reports demonstrate that house price increased by 4% this month making it up to $704,165. Condos faced an upward trend these days. The median price for a condo decreased by 6.6%, it’s now available for $330,549.