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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 7.40% |
| One Bedroom | 22.60% |
| Two Bedrooms | 33.60% |
| Three Bedrooms | 26.60% |
| Four Bedrooms | 6.90% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 7.70% |
| Simple Mortgage | 52.70% |
| Debt Free | 31.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
