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Third Lake, IL Real Estate


According to census data in the year 2000 there were 445 housing units in Third Lake. This represents a 6% growth from 420 in 1990.

Of those housing units, 445 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Third Lake is about 95.7%. Third Lake's vacancy rate, including seasonal lodging, is about 1.1%. Average household size is 3.03 people.

The majority of houses, apartments or condos in Third Lake were built after 1985.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom1.30%
Two Bedrooms11.20%
Three Bedrooms46.70%
Four Bedrooms37.50%
Five Bedrooms or more3.10%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.03
Median year structure was built1985
Median Value of occupied units$213,100
Median Price asked for vacant units$275,000

Rented Homes, Apartments and Condos

Average Household Size2.89
Median year structure was built1976

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4%
Home Equity Loan14.60%
Simple Mortgage66.20%
Debt Free15.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs20.7%