Hanover Park, IL Real Estate
According to census data in the year 2000 there were 11,405 housing units in Hanover Park.
This represents a 9.6% growth from 10,405 in 1990.
Of those housing units, 11,405 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Hanover Park is about 82%.
Hanover Park's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 3.43 people.
The majority of houses, apartments or condos in Hanover Park were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 6.60% |
| Two Bedrooms | 22.20% |
| Three Bedrooms | 49.40% |
| Four Bedrooms | 17.60% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.39 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $141,500 |
| Median Price asked for vacant units | $119,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.61 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $816 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 9.20% |
| Home Equity Loan | 12.70% |
| Simple Mortgage | 67.80% |
| Debt Free | 10.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.1% |
