Lake Zurich, IL Real Estate
According to census data in the year 2000 there were 5,804 housing units in Lake Zurich.
This represents a 18% growth from 4,920 in 1990.
Of those housing units, 5,804 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 Zurich is about 91.2%.
Lake Zurich's vacancy rate, including seasonal lodging, is about 1.6%.
Average household size is 3.15 people.
The majority of houses, apartments or condos in Lake Zurich were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 2.90% |
| Two Bedrooms | 9.10% |
| Three Bedrooms | 42.90% |
| Four Bedrooms | 40.20% |
| Five Bedrooms or more | 4.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.21 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $225,100 |
| Median Price asked for vacant units | $240,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $1,200 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 14.10% |
| Simple Mortgage | 66.30% |
| Debt Free | 10.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.5% |
