Loves Park, IL Real Estate
According to census data in the year 2000 there were 8,438 housing units in Loves Park.
This represents a 31.2% growth from 6,430 in 1990.
Of those housing units, 8,406 were located in either urbanized areas or urban clusters, and 32 were located in what is classified as a rural area.
Homeownership rate in Loves Park is about 70.4%.
Loves Park's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Loves Park were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 7.50% |
| Two Bedrooms | 36.10% |
| Three Bedrooms | 44.10% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $88,800 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $578 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 12.30% |
| Simple Mortgage | 52.50% |
| Debt Free | 26.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.8% |
