University Park, IL Real Estate
According to census data in the year 2000 there were 2,348 housing units in University Park.
This represents a 5.4% growth from 2,227 in 1990.
Of those housing units, 2,115 were located in either urbanized areas or urban clusters, and 233 were located in what is classified as a rural area.
Homeownership rate in University Park is about 58.5%.
University Park's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.99 people.
The majority of houses, apartments or condos in University Park were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 12.20% |
| Two Bedrooms | 20.40% |
| Three Bedrooms | 48.30% |
| Four Bedrooms | 15.30% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.36 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $94,000 |
| Median Price asked for vacant units | $97,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $589 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 13.50% |
| Home Equity Loan | 5.20% |
| Simple Mortgage | 69.70% |
| Debt Free | 10.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.1% |
