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Lake Zurich, IL Real Estate


According to census data in the year 2000 there were 5,804 housing units in Lake Zurich. This represents a 18% growth from 4,920 in 1990.

Of those housing units, 5,804 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lake Zurich is about 91.2%. Lake Zurich's vacancy rate, including seasonal lodging, is about 1.6%. Average household size is 3.15 people.

The majority of houses, apartments or condos in Lake Zurich were built after 1981.

Statistics

Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom2.90%
Two Bedrooms9.10%
Three Bedrooms42.90%
Four Bedrooms40.20%
Five Bedrooms or more4.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.21
Median year structure was built1982
Median Value of occupied units$225,100
Median Price asked for vacant units$240,000

Rented Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1970
Median Monthly Rent asked for vacant units$1,200

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.70%
Home Equity Loan14.10%
Simple Mortgage66.30%
Debt Free10.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs21.5%