Waukegan, IL Real Estate
According to census data in the year 2000 there were 29,249 housing units in Waukegan.
This represents a 13.4% growth from 25,800 in 1990.
Of those housing units, 29,209 were located in either urbanized areas or urban clusters, and 40 were located in what is classified as a rural area.
Homeownership rate in Waukegan is about 56.7%.
Waukegan's vacancy rate, including seasonal lodging, is about 5%.
Average household size is 3.09 people.
The majority of houses, apartments or condos in Waukegan were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.80% |
| One Bedroom | 19.30% |
| Two Bedrooms | 32.10% |
| Three Bedrooms | 30.10% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.37 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $118,200 |
| Median Price asked for vacant units | $127,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $595 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 7.90% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 61% |
| Debt Free | 23.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.8% |
