Lake Bluff, IL Real Estate
According to census data in the year 2000 there were 2,213 housing units in Lake Bluff.
This represents a 6.4% growth from 2,079 in 1990.
Of those housing units, 2,164 were located in either urbanized areas or urban clusters, and 49 were located in what is classified as a rural area.
Homeownership rate in Lake Bluff is about 91.1%.
Lake Bluff's vacancy rate, including seasonal lodging, is about 4%.
Average household size is 2.87 people.
The majority of houses, apartments or condos in Lake Bluff were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.50% |
| Two Bedrooms | 9.90% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 42.70% |
| Five Bedrooms or more | 8.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.98 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $439,600 |
| Median Price asked for vacant units | $287,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.73 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $725 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 14.80% |
| Simple Mortgage | 52.80% |
| Debt Free | 25.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
