Gages Lake, IL Real Estate
According to census data in the year 2000 there were 3,836 housing units in Gages Lake.
This represents a 30.1% growth from 2,948 in 1990.
Of those housing units, 3,836 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Gages Lake is about 86.7%.
Gages Lake's vacancy rate, including seasonal lodging, is about 2.8%.
Average household size is 2.8 people.
The majority of houses, apartments or condos in Gages Lake were built after 1980.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 5% |
| Two Bedrooms | 20.50% |
| Three Bedrooms | 43% |
| Four Bedrooms | 29% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.92 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $161,800 |
| Median Price asked for vacant units | $28,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $858 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 14.80% |
| Simple Mortgage | 62.50% |
| Debt Free | 15.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.8% |
