Addison, IL Real Estate
According to census data in the year 2000 there were 11,725 housing units in Addison.
This represents a 6.3% growth from 11,025 in 1990.
Of those housing units, 11,725 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Addison is about 68.3%.
Addison's vacancy rate, including seasonal lodging, is about 1.1%.
Average household size is 3.06 people.
The majority of houses, apartments or condos in Addison were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 17.50% |
| Two Bedrooms | 22.60% |
| Three Bedrooms | 40.40% |
| Four Bedrooms | 15% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.11 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $173,200 |
| Median Price asked for vacant units | $125,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $642 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 7.60% |
| Home Equity Loan | 11.30% |
| Simple Mortgage | 50% |
| Debt Free | 30.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.5% |
