Thursday, December 01, 2005
What's Hot and What's Not in McHenry County Real Estate
Heading the list was Seneca Township, southwest of Woodstock. Hardly appreciating at all was Harvard’s Chemung Township--up only 2.2%.
Up over 9% are the homes in Seneca Township, the place one of my ancestors lived for a while in the 1930’s before moving East to Eastern Michigan, of all places. (Go figure, everyone else was going West.)
Seneca figures may reflect the hot Woodstock market, which seems to be the growth tip of McHenry County right now. Another Woodstock fringe township, Hartland, to its northwest, saw prices increase almost 8%.
South and west of Seneca Township, tiny (in population) Riley Township did best, seeing home values rise 7.7%. Marengo and Coral did not similarly benefit. There, prices went up only 5.7%. Coral Township homes increased 4.9% in value. All could benefit from the Route 20 tollway entrance/exit.
Second on the list was Hebron. On the Wisconsin border north of Woodstock, Hebron’s homes increased 8.2% in value. Grafton Township's values jumped 8.1%.
Other northern McHenry County townships also topped 7%. Alden, east of Harvard, was at 7.8%. In Dunham, which touches Harvard on its north, the increase was 7.3%.
They are located in that part of McHenry County about as far as one can get from the Chicago metropolitan area in terms of travel time.
And, as mentioned above, Hartland, to the southeast of Harvard, was almost 8%.
The northern Woodstock/western Wonder Lake township of Greenwood saw prices rise 7.5%.
In the northeastern part of the county, there was similar growth.
In the townships of Richmond and Burton, prices increased 7.4% and 7.3%, respectively.
The largest three townships (according to the 2000 Census), Algonquin, McHenry and Nunda—which lie on the eastern edge of the county—did not keep up with the more rural areas.
Algonquin Township increased just under 7%, as did McHenry Township. Nunda (northern Crystal Lake, southern McHenry) came in at plus 6.3%.
Door Township, which is mainly Woodstock and Bull Valley, reported inflation of 6.3%.
Grafton, perhaps the fastest growing township has a township multiplier of 4.7%, making it appear to have some of the slowest appreciating values. However, had the local assessor not made internal adjustments it would have received a township multiplier of 8.1%.
Chumung, which has Harvard as its population center and is in the northwest corner of the county, saw property values increase only 2.2%. All of the townships—Alden, Dunham, Hartland--around Chemung were among the fastest growing in the county.
To return to McHenry County Blog, click here.
Up over 9% are the homes in Seneca Township, the place one of my ancestors lived for a while in the 1930’s before moving East to Eastern Michigan, of all places. (Go figure, everyone else was going West.)
Seneca figures may reflect the hot Woodstock market, which seems to be the growth tip of McHenry County right now. Another Woodstock fringe township, Hartland, to its northwest, saw prices increase almost 8%.
South and west of Seneca Township, tiny (in population) Riley Township did best, seeing home values rise 7.7%. Marengo and Coral did not similarly benefit. There, prices went up only 5.7%. Coral Township homes increased 4.9% in value. All could benefit from the Route 20 tollway entrance/exit.
Second on the list was Hebron. On the Wisconsin border north of Woodstock, Hebron’s homes increased 8.2% in value. Grafton Township's values jumped 8.1%.
Other northern McHenry County townships also topped 7%. Alden, east of Harvard, was at 7.8%. In Dunham, which touches Harvard on its north, the increase was 7.3%.
They are located in that part of McHenry County about as far as one can get from the Chicago metropolitan area in terms of travel time.
And, as mentioned above, Hartland, to the southeast of Harvard, was almost 8%.
The northern Woodstock/western Wonder Lake township of Greenwood saw prices rise 7.5%.
In the northeastern part of the county, there was similar growth.
In the townships of Richmond and Burton, prices increased 7.4% and 7.3%, respectively.
The largest three townships (according to the 2000 Census), Algonquin, McHenry and Nunda—which lie on the eastern edge of the county—did not keep up with the more rural areas.
Algonquin Township increased just under 7%, as did McHenry Township. Nunda (northern Crystal Lake, southern McHenry) came in at plus 6.3%.
Door Township, which is mainly Woodstock and Bull Valley, reported inflation of 6.3%.
Grafton, perhaps the fastest growing township has a township multiplier of 4.7%, making it appear to have some of the slowest appreciating values. However, had the local assessor not made internal adjustments it would have received a township multiplier of 8.1%.
Chumung, which has Harvard as its population center and is in the northwest corner of the county, saw property values increase only 2.2%. All of the townships—Alden, Dunham, Hartland--around Chemung were among the fastest growing in the county.
To return to McHenry County Blog, click here.
# posted by Cal Skinner : 10:53 AM
