Lake Villa, IL Real Estate
According to census data in the year 2000 there were 2,206 housing units in Lake Villa.
This represents a 102.6% growth from 1,089 in 1990.
Of those housing units, 2,206 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lake Villa is about 76%.
Lake Villa's vacancy rate, including seasonal lodging, is about 4.5%.
Average household size is 2.84 people.
The majority of houses, apartments or condos in Lake Villa were built after 1991.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10.10% |
| Two Bedrooms | 20% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 27.70% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.09 |
| Median year structure was built | 1996 |
| Median Value of occupied units | $207,200 |
| Median Price asked for vacant units | $208,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $839 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 12.20% |
| Simple Mortgage | 64% |
| Debt Free | 17% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 24.3% |
