Downers Grove, IL Real Estate
According to census data in the year 2000 there were 19,521 housing units in Downers Grove.
This represents a 7.5% growth from 18,166 in 1990.
Of those housing units, 19,521 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Downers Grove is about 78.5%.
Downers Grove's vacancy rate, including seasonal lodging, is about 2.7%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Downers Grove were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 14% |
| Two Bedrooms | 23.80% |
| Three Bedrooms | 35.80% |
| Four Bedrooms | 21.90% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $205,900 |
| Median Price asked for vacant units | $197,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.81 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $763 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 15% |
| Simple Mortgage | 53.30% |
| Debt Free | 25.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.3% |
