Algonquin, IL Real Estate
According to census data in the year 2000 there were 8,043 housing units in Algonquin.
This represents a 102.3% growth from 3,975 in 1990.
Of those housing units, 8,028 were located in either urbanized areas or urban clusters, and 15 were located in what is classified as a rural area.
Homeownership rate in Algonquin is about 93.2%.
Algonquin's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 3.02 people.
The majority of houses, apartments or condos in Algonquin were built after 1990.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 3% |
| Two Bedrooms | 12.40% |
| Three Bedrooms | 40.10% |
| Four Bedrooms | 39.60% |
| Five Bedrooms or more | 4.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.1 |
| Median year structure was built | 1991 |
| Median Value of occupied units | $195,100 |
| Median Price asked for vacant units | $224,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 7.90% |
| Home Equity Loan | 14.30% |
| Simple Mortgage | 66.40% |
| Debt Free | 11% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.6% |
