Niles, IL Real Estate
According to census data in the year 2000 there were 12,336 housing units in Niles.
This represents a 11.6% growth from 11,052 in 1990.
Of those housing units, 12,336 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Niles is about 76.2%.
Niles's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Niles were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 13.60% |
| Two Bedrooms | 31.40% |
| Three Bedrooms | 42.30% |
| Four Bedrooms | 8.40% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $204,400 |
| Median Price asked for vacant units | $237,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.92 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $1,525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 6.30% |
| Simple Mortgage | 43.20% |
| Debt Free | 47.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
