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Tower Lakes, IL Real Estate


According to census data in the year 2000 there were 456 housing units in Tower Lakes. This represents a 5.1% growth from 434 in 1990.

Of those housing units, 456 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Tower Lakes is about 99.1%. Tower Lakes's vacancy rate, including seasonal lodging, is about 1.8%. Average household size is 2.93 people.

The majority of houses, apartments or condos in Tower Lakes were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0%
Two Bedrooms5.30%
Three Bedrooms34.40%
Four Bedrooms48.20%
Five Bedrooms or more12.10%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.93
Median year structure was built1968
Median Value of occupied units$356,100
Median Price asked for vacant units$316,700

Rented Homes, Apartments and Condos

Average Household Size3
Median year structure was built1960

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.90%
Second Mortgage9%
Home Equity Loan9.70%
Simple Mortgage57.40%
Debt Free22.90%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.2%