Machesney Park, IL Real Estate
According to census data in the year 2000 there were 7,913 housing units in Machesney Park.
This represents a 17.7% growth from 6,723 in 1990.
Of those housing units, 7,909 were located in either urbanized areas or urban clusters, and 4 were located in what is classified as a rural area.
Homeownership rate in Machesney Park is about 83.5%.
Machesney Park's vacancy rate, including seasonal lodging, is about 2.5%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Machesney Park were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 6.10% |
| Two Bedrooms | 21.30% |
| Three Bedrooms | 57.10% |
| Four Bedrooms | 14.20% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $90,400 |
| Median Price asked for vacant units | $84,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $538 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 11.20% |
| Home Equity Loan | 10.80% |
| Simple Mortgage | 57.60% |
| Debt Free | 20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
