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Channel Lake, IL Real Estate


According to census data in the year 2000 there were 811 housing units in Channel Lake. This represents a 1.4% growth from 800 in 1990.

Of those housing units, 770 were located in either urbanized areas or urban clusters, and 41 were located in what is classified as a rural area.

Homeownership rate in Channel Lake is about 81%. Channel Lake's vacancy rate, including seasonal lodging, is about 14.8%. Average household size is 2.58 people.

The majority of houses, apartments or condos in Channel Lake were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom9.60%
Two Bedrooms42.80%
Three Bedrooms36.40%
Four Bedrooms8.50%
Five Bedrooms or more2.70%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1956
Median Value of occupied units$136,600
Median Price asked for vacant units$61,000

Rented Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1958
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan3%
Second Mortgage6.10%
Home Equity Loan8.70%
Simple Mortgage51.60%
Debt Free30.70%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.5%