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Gurnee, IL Real Estate


According to census data in the year 2000 there were 10,821 housing units in Gurnee. This represents a 94.2% growth from 5,571 in 1990.

Of those housing units, 10,696 were located in either urbanized areas or urban clusters, and 125 were located in what is classified as a rural area.

Homeownership rate in Gurnee is about 78.1%. Gurnee's vacancy rate, including seasonal lodging, is about 2.6%. Average household size is 2.71 people.

The majority of houses, apartments or condos in Gurnee were built after 1990.

Statistics

Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom11.60%
Two Bedrooms25%
Three Bedrooms29.40%
Four Bedrooms29%
Five Bedrooms or more3.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.97
Median year structure was built1991
Median Value of occupied units$199,000
Median Price asked for vacant units$225,000

Rented Homes, Apartments and Condos

Average Household Size1.81
Median year structure was built1989
Median Monthly Rent asked for vacant units$921

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage6.50%
Home Equity Loan11.90%
Simple Mortgage71%
Debt Free10.30%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs22.2%