Grandwood Park, IL Real Estate
According to census data in the year 2000 there were 1,606 housing units in Grandwood Park.
This represents a 80.2% growth from 891 in 1990.
Of those housing units, 1,606 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Grandwood Park is about 86.1%.
Grandwood Park's vacancy rate, including seasonal lodging, is about 2.1%.
Average household size is 2.85 people.
The majority of houses, apartments or condos in Grandwood Park were built after 1990.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 1.60% |
| Two Bedrooms | 20.70% |
| Three Bedrooms | 44.90% |
| Four Bedrooms | 26.20% |
| Five Bedrooms or more | 5.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.93 |
| Median year structure was built | 1991 |
| Median Value of occupied units | $165,500 |
| Median Price asked for vacant units | $275,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $1,125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8% |
| Home Equity Loan | 17.40% |
| Simple Mortgage | 63.80% |
| Debt Free | 10.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.9% |
