Elk Grove Village, IL Real Estate
According to census data in the year 2000 there were 13,457 housing units in Elk Grove Village.
This represents a 8.4% growth from 12,416 in 1990.
Of those housing units, 13,457 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Elk Grove Village is about 76.6%.
Elk Grove Village's vacancy rate, including seasonal lodging, is about 1.7%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Elk Grove Village were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 12.30% |
| Two Bedrooms | 23.20% |
| Three Bedrooms | 38.50% |
| Four Bedrooms | 21.40% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.79 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $189,400 |
| Median Price asked for vacant units | $208,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $742 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 12.40% |
| Simple Mortgage | 58.70% |
| Debt Free | 22.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
