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Algonquin, IL Real Estate


According to census data in the year 2000 there were 8,043 housing units in Algonquin. This represents a 102.3% growth from 3,975 in 1990.

Of those housing units, 8,028 were located in either urbanized areas or urban clusters, and 15 were located in what is classified as a rural area.

Homeownership rate in Algonquin is about 93.2%. Algonquin's vacancy rate, including seasonal lodging, is about 3.7%. Average household size is 3.02 people.

The majority of houses, apartments or condos in Algonquin were built after 1990.

Statistics

Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom3%
Two Bedrooms12.40%
Three Bedrooms40.10%
Four Bedrooms39.60%
Five Bedrooms or more4.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.1
Median year structure was built1991
Median Value of occupied units$195,100
Median Price asked for vacant units$224,400

Rented Homes, Apartments and Condos

Average Household Size1.99
Median year structure was built1972
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage7.90%
Home Equity Loan14.30%
Simple Mortgage66.40%
Debt Free11%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs22.6%