South Elgin, IL Real Estate
According to census data in the year 2000 there were 5,491 housing units in South Elgin.
This represents a 119.4% growth from 2,503 in 1990.
Of those housing units, 5,491 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in South Elgin is about 88.9%.
South Elgin's vacancy rate, including seasonal lodging, is about 1.3%.
Average household size is 2.85 people.
The majority of houses, apartments or condos in South Elgin were built after 1992.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 1.40% |
| Two Bedrooms | 31.60% |
| Three Bedrooms | 44.70% |
| Four Bedrooms | 18.40% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.89 |
| Median year structure was built | 1993 |
| Median Value of occupied units | $154,000 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1973 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 9.50% |
| Home Equity Loan | 11.90% |
| Simple Mortgage | 68% |
| Debt Free | 10.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.3% |
