Morton Grove, IL Real Estate
According to census data in the year 2000 there were 8,299 housing units in Morton Grove.
This represents a 0.7% growth from 8,242 in 1990.
Of those housing units, 8,299 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Morton Grove is about 94.5%.
Morton Grove's vacancy rate, including seasonal lodging, is about 1.2%.
Average household size is 2.7 people.
The majority of houses, apartments or condos in Morton Grove were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 5.40% |
| Two Bedrooms | 20.90% |
| Three Bedrooms | 54.70% |
| Four Bedrooms | 15.10% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $217,100 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $1,125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 10.30% |
| Simple Mortgage | 45.30% |
| Debt Free | 39% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
