Buffalo Grove, IL Real Estate
According to census data in the year 2000 there were 15,935 housing units in Buffalo Grove.
This represents a 14.9% growth from 13,866 in 1990.
Of those housing units, 15,935 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Buffalo Grove is about 87.1%.
Buffalo Grove's vacancy rate, including seasonal lodging, is about 2.1%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in Buffalo Grove were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 8.40% |
| Two Bedrooms | 27.10% |
| Three Bedrooms | 30.10% |
| Four Bedrooms | 29.20% |
| Five Bedrooms or more | 4.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $236,200 |
| Median Price asked for vacant units | $207,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1985 |
| Median Monthly Rent asked for vacant units | $1,100 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 14% |
| Simple Mortgage | 65.30% |
| Debt Free | 13.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
