Lake Forest, IL Real Estate
According to census data in the year 2000 there were 7,016 housing units in Lake Forest.
This represents a 14.4% growth from 6,131 in 1990.
Of those housing units, 6,827 were located in either urbanized areas or urban clusters, and 189 were located in what is classified as a rural area.
Homeownership rate in Lake Forest is about 87.2%.
Lake Forest's vacancy rate, including seasonal lodging, is about 4.6%.
Average household size is 2.77 people.
The majority of houses, apartments or condos in Lake Forest were built after 1968.
|Housing Units by Size|
|Five Bedrooms or more||21.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.89|
|Median year structure was built||1969|
|Median Value of occupied units||$662,400|
|Median Price asked for vacant units||$588,900|
Rented Homes, Apartments and Condos
|Average Household Size||1.98|
|Median year structure was built||1959|
|Median Monthly Rent asked for vacant units||$2,001|
Owners Finance Status
|Second Mortgage & Equity Loan||0.90%|
|Home Equity Loan||15.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.8%|