Elmwood Park, IL Real Estate
According to census data in the year 2000 there were 10,150 housing units in Elmwood Park.
This represents a 3.8% growth from 9,781 in 1990.
Of those housing units, 10,150 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Elmwood Park is about 65.6%.
Elmwood Park's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Elmwood Park were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.60% |
| One Bedroom | 16.10% |
| Two Bedrooms | 33.40% |
| Three Bedrooms | 33.90% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.85 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $172,400 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $604 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 10% |
| Simple Mortgage | 49.60% |
| Debt Free | 34.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
