Chicago, IL Real Estate
According to census data in the year 2000 there were 1,152,871 housing units in Chicago.
This represents a 1.8% growth from 1,133,039 in 1990.
Of those housing units, 1,152,871 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Chicago is about 43.8%.
Chicago's vacancy rate, including seasonal lodging, is about 7.9%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Chicago were built after 1948.
|Housing Units by Size|
|Five Bedrooms or more||2.90%|
Owned Homes, Apartments and Condos
|Average Household Size||3.06|
|Median year structure was built||1947|
|Median Value of occupied units||$132,400|
|Median Price asked for vacant units||$98,700|
Rented Homes, Apartments and Condos
|Average Household Size||2.37|
|Median year structure was built||1949|
|Median Monthly Rent asked for vacant units||$515|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||7.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||20.5%|