South Elgin, IL Real Estate
According to census data in the year 2000 there were 5,491 housing units in South Elgin.
This represents a 119.4% growth from 2,503 in 1990.
Of those housing units, 5,491 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in South Elgin is about 88.9%.
South Elgin's vacancy rate, including seasonal lodging, is about 1.3%.
Average household size is 2.85 people.
The majority of houses, apartments or condos in South Elgin were built after 1992.
|Housing Units by Size|
|Five Bedrooms or more||3.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.89|
|Median year structure was built||1993|
|Median Value of occupied units||$154,000|
|Median Price asked for vacant units||$162,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.57|
|Median year structure was built||1973|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||11.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||23.3%|