Long Grove, IL Real Estate
According to census data in the year 2000 there were 1,939 housing units in Long Grove.
This represents a 36.5% growth from 1,421 in 1990.
Of those housing units, 1,939 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Long Grove is about 97%.
Long Grove's vacancy rate, including seasonal lodging, is about 2.5%.
Average household size is 3.33 people.
The majority of houses, apartments or condos in Long Grove were built after 1986.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 0% |
| Two Bedrooms | 3.40% |
| Three Bedrooms | 20.50% |
| Four Bedrooms | 50.60% |
| Five Bedrooms or more | 24.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.37 |
| Median year structure was built | 1986 |
| Median Value of occupied units | $555,400 |
| Median Price asked for vacant units | $450,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.79 |
| Median year structure was built | 1953 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 16.70% |
| Simple Mortgage | 57% |
| Debt Free | 18.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.7% |
