Third Lake, IL Real Estate
According to census data in the year 2000 there were 445 housing units in Third Lake.
This represents a 6% growth from 420 in 1990.
Of those housing units, 445 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Third Lake is about 95.7%.
Third Lake's vacancy rate, including seasonal lodging, is about 1.1%.
Average household size is 3.03 people.
The majority of houses, apartments or condos in Third Lake were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.30% |
| Two Bedrooms | 11.20% |
| Three Bedrooms | 46.70% |
| Four Bedrooms | 37.50% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.03 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $213,100 |
| Median Price asked for vacant units | $275,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.89 |
| Median year structure was built | 1976 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 14.60% |
| Simple Mortgage | 66.20% |
| Debt Free | 15.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.7% |
