Forest Lake, IL Real Estate
According to census data in the year 2000 there were 546 housing units in Forest Lake.
This represents a 10.8% growth from 493 in 1990.
Of those housing units, 546 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Forest Lake is about 91.9%.
Average household size is 2.84 people.
The majority of houses, apartments or condos in Forest Lake were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.90% |
| Two Bedrooms | 21.60% |
| Three Bedrooms | 49.30% |
| Four Bedrooms | 20.70% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $189,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 4.09 |
| Median year structure was built | 1955 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.20% |
| Home Equity Loan | 12.30% |
| Simple Mortgage | 64.90% |
| Debt Free | 16.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.9% |
