Inverness, IL Real Estate

According to census data in the year 2000 there were 2,289 housing units in Inverness. This represents a 6.4% growth from 2,151 in 1990.

Of those housing units, 2,289 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Inverness is about 98.2%. Inverness's vacancy rate, including seasonal lodging, is about 3.2%. Average household size is 2.87 people.

The majority of houses, apartments or condos in Inverness were built after 1980.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0.20%
Two Bedrooms8.30%
Three Bedrooms25.30%
Four Bedrooms44.40%
Five Bedrooms or more21.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.87
Median year structure was built1980
Median Value of occupied units$469,300
Median Price asked for vacant units$625,000

Rented Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1968
Median Monthly Rent asked for vacant units$725

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.40%
Home Equity Loan8.20%
Simple Mortgage54.80%
Debt Free31.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.2%