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 Units by Size|
|Five Bedrooms or more||4.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.8|
|Median year structure was built||1981|
|Median Value of occupied units||$236,200|
|Median Price asked for vacant units||$207,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.11|
|Median year structure was built||1985|
|Median Monthly Rent asked for vacant units||$1,100|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||14%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||21%|