Vernon Hills, IL Real Estate
According to census data in the year 2000 there were 7,951 housing units in Vernon Hills.
This represents a 31.3% growth from 6,057 in 1990.
Of those housing units, 7,905 were located in either urbanized areas or urban clusters, and 46 were located in what is classified as a rural area.
Homeownership rate in Vernon Hills is about 79.8%.
Vernon Hills's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Vernon Hills were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 7.60% |
| Two Bedrooms | 33.40% |
| Three Bedrooms | 27% |
| Four Bedrooms | 26.30% |
| Five Bedrooms or more | 4.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1983 |
| Median Value of occupied units | $223,300 |
| Median Price asked for vacant units | $313,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.87 |
| Median year structure was built | 1981 |
| Median Monthly Rent asked for vacant units | $877 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 13% |
| Simple Mortgage | 71.60% |
| Debt Free | 8.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.3% |
