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Lake of the Woods, IL Real Estate


According to census data in the year 2000 there were 1,288 housing units in Lake of the Woods. This represents a 19.5% growth from 1,078 in 1990.

Of those housing units, 1,235 were located in either urbanized areas or urban clusters, and 53 were located in what is classified as a rural area.

Homeownership rate in Lake of the Woods is about 83.3%. Lake of the Woods's vacancy rate, including seasonal lodging, is about 12.3%. Average household size is 2.7 people.

The majority of houses, apartments or condos in Lake of the Woods were built after 1982.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom1.20%
Two Bedrooms29.90%
Three Bedrooms56.80%
Four Bedrooms10.90%
Five Bedrooms or more1.20%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1985
Median Value of occupied units$105,700
Median Price asked for vacant units$125,000

Rented Homes, Apartments and Condos

Average Household Size2.07
Median year structure was built1971
Median Monthly Rent asked for vacant units$475

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.10%
Home Equity Loan8.80%
Simple Mortgage69.50%
Debt Free14.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19.8%