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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 Type0%
One Bedroom10.10%
Two Bedrooms20%
Three Bedrooms39.60%
Four Bedrooms27.70%
Five Bedrooms or more2.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.09
Median year structure was built1996
Median Value of occupied units$207,200
Median Price asked for vacant units$208,300

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1978
Median Monthly Rent asked for vacant units$839

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.80%
Home Equity Loan12.20%
Simple Mortgage64%
Debt Free17%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs24.3%