Lake Barrington, IL Real Estate
According to census data in the year 2000 there were 2,126 housing units in Lake Barrington.
This represents a 24.9% growth from 1,702 in 1990.
Of those housing units, 2,120 were located in either urbanized areas or urban clusters, and 6 were located in what is classified as a rural area.
Homeownership rate in Lake Barrington is about 96.1%.
Lake Barrington's vacancy rate, including seasonal lodging, is about 3.4%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Lake Barrington were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.70% |
| Two Bedrooms | 33.70% |
| Three Bedrooms | 28.90% |
| Four Bedrooms | 27.80% |
| Five Bedrooms or more | 6% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $343,900 |
| Median Price asked for vacant units | $450,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $1,375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 3.70% |
| Home Equity Loan | 11.80% |
| Simple Mortgage | 57.80% |
| Debt Free | 25.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
