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Burr Ridge, IL Real Estate


According to census data in the year 2000 there were 3,600 housing units in Burr Ridge. This represents a 35.5% growth from 2,657 in 1990.

Of those housing units, 3,600 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Burr Ridge is about 96.5%. Burr Ridge's vacancy rate, including seasonal lodging, is about 4.6%. Average household size is 2.93 people.

The majority of houses, apartments or condos in Burr Ridge were built after 1984.

Statistics

Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom1.70%
Two Bedrooms13.30%
Three Bedrooms29.90%
Four Bedrooms36.80%
Five Bedrooms or more16.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.98
Median year structure was built1984
Median Value of occupied units$477,800
Median Price asked for vacant units$1,000,001

Rented Homes, Apartments and Condos

Average Household Size1.47
Median year structure was built1986
Median Monthly Rent asked for vacant units$2,001

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.50%
Home Equity Loan13.60%
Simple Mortgage58.60%
Debt Free23.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19.7%