Buffalo Grove, IL Real Estate

According to census data in the year 2000 there were 15,935 housing units in Buffalo Grove. This represents a 14.9% growth from 13,866 in 1990.

Of those housing units, 15,935 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Buffalo Grove is about 87.1%. Buffalo Grove's vacancy rate, including seasonal lodging, is about 2.1%. Average household size is 2.71 people.

The majority of houses, apartments or condos in Buffalo Grove were built after 1982.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom8.40%
Two Bedrooms27.10%
Three Bedrooms30.10%
Four Bedrooms29.20%
Five Bedrooms or more4.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.8
Median year structure was built1981
Median Value of occupied units$236,200
Median Price asked for vacant units$207,800

Rented Homes, Apartments and Condos

Average Household Size2.11
Median year structure was built1985
Median Monthly Rent asked for vacant units$1,100

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage7.20%
Home Equity Loan14%
Simple Mortgage65.30%
Debt Free13.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs21%