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 Type | 0% |
| One Bedroom | 0% |
| Two Bedrooms | 5.30% |
| Three Bedrooms | 34.40% |
| Four Bedrooms | 48.20% |
| Five Bedrooms or more | 12.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.93 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $356,100 |
| Median Price asked for vacant units | $316,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 3 |
| Median year structure was built | 1960 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 9% |
| Home Equity Loan | 9.70% |
| Simple Mortgage | 57.40% |
| Debt Free | 22.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
