Lake in the Hills, IL Real Estate
According to census data in the year 2000 there were 7,857 housing units in Lake in the Hills.
This represents a 305.4% growth from 1,938 in 1990.
Of those housing units, 7,839 were located in either urbanized areas or urban clusters, and 18 were located in what is classified as a rural area.
Homeownership rate in Lake in the Hills is about 93.5%.
Lake in the Hills's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 3.07 people.
The majority of houses, apartments or condos in Lake in the Hills were built after 1995.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 3.20% |
| Two Bedrooms | 18.90% |
| Three Bedrooms | 49% |
| Four Bedrooms | 25.70% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.09 |
| Median year structure was built | 1995 |
| Median Value of occupied units | $168,700 |
| Median Price asked for vacant units | $158,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1993 |
| Median Monthly Rent asked for vacant units | $1,125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 9.80% |
| Home Equity Loan | 11.90% |
| Simple Mortgage | 70% |
| Debt Free | 7.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.8% |
