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 Type | 0% |
| One Bedroom | 9.60% |
| Two Bedrooms | 42.80% |
| Three Bedrooms | 36.40% |
| Four Bedrooms | 8.50% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $136,600 |
| Median Price asked for vacant units | $61,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 3% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 51.60% |
| Debt Free | 30.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
