< back to the Housing Market Indicators Data Portal

Inverness

Inverness is a suburban village in Cook County, Illinois, United States. The population was 7,399 at the 2010 census. (Source: Wikipedia)

Housing stock map

See the share of the area's total housing units that are in single family homes, condominiums, two-to-four unit buildings, buildings with five to 49 units, and buildings with 50 units or more.


The Composition of Cook County’s Housing Market >

Housing market indicators

All of these property level data sets are connected to parcel-level data files from the county Assessors offices that include data on every parcel in the Chicago metropolitan area. All of these parcel-level data sets include historical data and are updated on a regular basis ranging from every week to every year depending on the data set.

Housing Stock Composition

The composition of a neighborhood's housing stock determines the appropriate targeted strategies for stabilizing local housing markets.

Housing Units by Property Type

The composition of a neighborhood's housing stock determines the appropriate targeted strategies for stabilizing local housing markets.


Property Type 2023
Single Family 77.5%
Condominium 22.5%


Property Sales Activity

This indicator provides information on how active local residential property markets are, what types of properties are being purchased, who is buying them, and how much buyers are paying for properties.

Total Sales Activity

This is the total number of property sales in a given year. In Cook County, data are broken out separately for total sales activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 167 173 135 75 57 80 82 136 128 129 132 132 150 122 143 131 202 168 98
Single Family 127 120 85 50 46 56 59 100 98 94 96 92 111 86 111 97 160 121 68
Condominium 40 53 50 25 11 24 23 36 30 35 36 40 39 36 32 34 42 47 30


Sales per 100 Residential Parcels

This indicator allows users to compare the level of property sales activity across geographies. This data point represents the total number of sales on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 5.4 5.5 4.3 2.4 1.8 2.6 2.6 4.4 4.2 4.4 4.7 4.7 5.3 4.2 5.0 4.5 7.0 5.8 3.4


Share of Sales, Business Buyers

This represents a range of investor types from small mom-and-pop investors to large Wall Street-traded equity funds. Heightened levels of single family homes purchased by business buyers is often indicative of a distressed and low priced inventory of homes, and low demand for owner-occupied housing in a neighborhood. In Cook County, this data point is available as the share of total sales activity where the buyer was a business entity by property type (single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units). Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 15.0% 9.8% 8.1% 10.7% 7.0% 15.0% 11.0% 8.1% 7.8% 8.5% 6.1% 6.1% 4.7% 4.1% 5.6% 6.1% 4.0% 5.4% 3.1%
Single Family 14.2% 6.7% 11.8% 8.0% 6.5% 10.7% 6.8% 9.0% 8.2% 8.5% 7.3% 5.4% 3.6% 3.5% 4.5% 7.2% 2.5% 6.6% 4.4%
Condominium 17.5% 17.0% 2.0% 16.0% 9.1% 25.0% 21.7% 5.6% 6.7% 8.6% 2.8% 7.5% 7.7% 5.6% 9.4% 2.9% 9.5% 2.1% --


Share of Sales, Extremely Low Value

This represents the percent of sales that were purchased for less than $20,000 in a given year. In Cook County, this data point is available as the share of total sales activity that sold for less than $20,000 by property type (single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units). Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 0.6% 1.0%
Single Family -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 1.5%
Condominium -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 2.1% --


Mortgage Activity

These data measure the flow of mortgage credit into an area and indicates the level of lender investment. The level of mortgage activity in a neighborhood relative to other areas can assess how access to credit has changed over time in a community and how the flow of credit differs across geographies and for different property types.

Total Mortgage Activity

This is the total number of mortgages in a given year. In Cook County, data are broken out separately for total mortgage activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 615 672 604 427 548 559 452 588 436 293 356 403 316 267 337 481 595 260 123
Single Family 536 550 477 334 446 469 376 485 348 233 309 324 261 215 279 380 492 214 95
Condominium 79 122 127 93 102 90 76 103 88 60 47 79 55 52 58 101 103 46 28


Mortgages per 100 Residential Parcels

This indicator allows users to compare the level of mortgage activity across geographies. This data point represents the total number of mortgage liens on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 19.7 21.5 19.4 13.7 17.6 17.9 14.5 18.8 14.4 10.0 12.6 14.2 11.1 9.3 11.7 16.7 20.6 9.0 4.3


Foreclosure Filing Activity

This is an indicator of distress in a local housing market and viewing changing levels of activity allows for an understanding of the evolving nature of the foreclosure crisis in a neighborhood.

Total Foreclosure Filings Activity

This is the total number of new foreclosure filings in a given year. In Cook County, data are broken out separately for foreclosure filing activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 8 7 15 38 27 39 34 36 17 14 9 14 11 14 10 4 1 8 2
Single Family 6 7 12 31 24 34 31 29 14 12 9 13 8 11 10 4 1 6 2
Condominium 2 -- 3 7 3 5 3 7 3 2 -- 1 3 3 -- -- -- 2 --


Foreclosure Filings per 100 Residential Parcels

This indicator allows users to compare the level of foreclosure filing activity across geographies. This data point represents the total number of foreclosure filings on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 0.3 0.2 0.5 1.2 0.9 1.3 1.1 1.2 0.6 0.5 0.3 0.5 0.4 0.5 0.3 0.1 -- 0.3 0.1


Cumulative Foreclosure Filings Activity

Annual levels of foreclosure filing activity likely do not convey the impact that foreclosure has had in a particular community, as geographies vary in density and size, and the drivers behind the Great Recession foreclosure crisis led to very different annual patterns of foreclosure filing activity across the region. This indicator represents the cumulative impact of foreclosure in a neighborhood measured as the unique share of residential properties that have had at least one foreclosure filing since 2005.


Property Type 2023
All Residential Properties 8.5%


Foreclosure Auctions

These are properties that have completed the foreclosure process. Understanding foreclosure auction activity helps determine the flow of year-over-year of REO (real estate owned) properties into a market, how third-party demand at auctions differs based on property types, and the density of REO activity across geographies. The level of completed foreclosure auctions activity in a neighborhood indicates distress in a local housing market.

Total Auction Activity

This is the total number of completed foreclosure auctions in a given year. In Cook County, data are broken out separately for total auction activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties -- 2 2 7 17 11 8 8 14 14 7 9 6 4 8 -- 1 3 1
Single Family -- 2 2 3 16 9 8 8 12 9 5 8 6 3 6 -- 1 3 1
Condominium -- -- -- 4 1 2 -- -- 2 5 2 1 -- 1 2 -- -- -- --


Share of Auctions Resulting in REO

This is the percent of completed foreclosure auctions in a given geography where there were no bidders and the property became bank-owned REO (real estate owned).


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties -- 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 87.5% 78.6% 85.7% 100.0% 88.9% 100.0% 100.0% 87.5% -- 100.0% 100.0% 100.0%
Single Family -- 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 87.5% 75.0% 88.9% 100.0% 100.0% 100.0% 100.0% 83.3% -- 100.0% 100.0% 100.0%
Condominium -- -- -- 100.0% 100.0% 100.0% -- -- 100.0% 80.0% 100.0% -- -- 100.0% 100.0% -- -- -- --


REO per 100 Residential Parcels

This indicator allows users to compare the level of REO activity across geographies. This data point represents the total number of auctions resulting in REO status on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties -- 0.1 0.1 0.2 0.5 0.4 0.3 0.2 0.4 0.4 0.2 0.3 0.2 0.1 0.2 -- -- 0.1 --


Population and Age

Reflects the composition of a community's population by age.

Population and Age

Reflects the composition of a community's population by age.


Indicator Value
Total Population 7,722


Population and Age

Reflects the composition of a community's population by age.


Indicator Value
Share of Population Aged 18 to 44 18.1%
Share of Population Aged 45 to 64 30.7%
Share of Population Aged over 65 30.6%
Share of Population Aged under 18 20.6%


Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.

Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.


Indicator Value
Share of Population that is Hispanic or Latino 1.1%


Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.


Indicator Value
Share of Population that is White 74.1%


Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.


Indicator Value
Share of Population that is African American 1.3%
Share of Population that is Asian 21.0%
Share of Population that is Some Other Race 2.5%


Household Income

Represents the composition of households by income in a particular geography.

Household Income

Represents the composition of households by income in a particular geography.


Indicator Value
Share of Households with Income Less than $25,000 2.7%


Household Income

Represents the composition of households by income in a particular geography.


Indicator Value
Share of Households with Income $25,000 to $50,000 7.6%
Share of Households with Income $100,000 or More 77.8%
Share of Households with Income $50,000 to $100,000 12.0%


Household Income

Represents the composition of households by income in a particular geography.


Indicator Value
Total Households 2,819


Poverty Rate

Reflects the share of the population that is below a current poverty threshold.

Share of Population that is under the Poverty Level


Indicator Value
Share of Population that is under the Poverty Level 2.5%


Resident Tenure

The composition of households by tenure indicates the share of households that rent versus the share of households that own.

Total Households

Represents the composition of households by tenure.


Indicator Value
Total Households 2,819


Share of Households that are Owner-Occupied

The composition of households by tenure indicates the share of households that rent versus the share of households that own.


Indicator Value
Share of Households that are Owner-Occupied 98.3%


Share of Households that are Renter-Occupied

The composition of households by tenure indicates the share of households that rent versus the share of households that own.


Indicator Value
Share of Households that are Renter-Occupied 1.7%


Cost Burdened Households

A household is considered to be cost-burdened when more than 30 percent of its income is spent on mortgage, rent, or other housing needs.

Share of Owner-Occupied Households that are Cost-Burdened


Indicator Value
Share of Owner-Occupied Households that are Cost-Burdened 27.5%


Share of Renter-Occupied Households that are Cost-Burdened

A household is considered to be cost-burdened when more than 30 percent of its income is spent on mortgage, rent, or other housing needs.


Indicator Value
Share of Renter-Occupied Households that are Cost-Burdened 65.5%


Share of All Households that are Cost-Burdened


Indicator Value
Share of All Households that are Cost-Burdened 27.9%