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Lake County Housing

 
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As of 2010-2014, median price of a house in Lake County is $247,300, which is higher than the state average of $175,700 and is higher than the national average of $175,700. The Lake County median house value has grown by 24.77% since 2000. The growth rate for the price of a house in Lake County is lower than the state average rate of 34.33% and is lower than the national average rate of 46.91%. The median year that a house in Lake County was built is 1980, which is newer than the median year for a house built in the state which is 1967 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 181,664 Owner Occupied Houses in Lake County, #2
Lake County
247,300 USD
Illinois
175,700 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #98
Lake County
24.77%
Illinois
34.33%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Lake CountyIllinoisU.S.
Total Housing Units260,834, see rank, 100%5,299,433132,741,033
Occupied Housing Units241,846, 92.72%, see rank90.17%87.55%
Owner Occupied181,664, 69.65%, see rank60.28%56.34%
Renter Occupied60,182, 23.07%, see rank29.89%31.21%
Vacant Housing Units18,988, 7.28%, see rank9.83%12.45%
For Rent3,974, 1.52%, see rank2.18%2.34%
For Sale Only4,501, 1.73%, see rank1.36%1.20%
Rented or Sold, Not Occupied1,143, 0.44%, see rank0.87%0.92%
For Seasonal, Recreational, or Occasional Use3,606, 1.38%, see rank0.95%3.97%
For Migrant Workers49, 0.02%, see rank0.01%0.03%
Other Vacant5,715, 2.19%, see rank4.46%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #7
Lake CountyIllinoisU.S.
198019671976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Lake County%IllinoisU.S.
Owner-Occupied Units181,664100%3,194,70774,787,460
With a Mortgage134,70174.15%, see rank67.18%65.58%
Without a Mortgage46,96325.85%, see rank32.82%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Lake County
2,172 USD
Illinois
1,676 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsLake County%IllinoisU.S.
$299 or Less560.04%, see rank0.14%0.20%
$300 to $4995060.38%, see rank1.21%1.59%
$500 to $6991,5191.13%, see rank4.05%5.01%
$700 to $9994,6373.44%, see rank11.52%14.32%
$1,000 to $1,49922,30116.56%, see rank24.62%27.90%
$1,500 to $1,99929,63222.00%, see rank22.62%20.35%
$2,000 to $2,99942,17431.31%, see rank24.08%19.52%
$3,000 or More33,87625.15%, see rank11.76%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lake County
25.40% of the Total Income
Illinois
24.20% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lake County%IllinoisU.S.
10% or Less6,0344.48%, see rank5.20%5.86%
10% to 20%37,96228.18%, see rank31.00%31.95%
20% to 30%38,74828.77%, see rank27.90%27.64%
30% to 40%21,05315.63%, see rank14.28%13.74%
40% or More30,35522.54%, see rank21.15%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Lake County
842 USD
Illinois
572 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsLake County%IllinoisU.S.
$199 or Less1,3682.91%, see rank4.12%7.76%
$200 to $2991,4163.02%, see rank8.95%14.70%
$300 to $4994,93510.51%, see rank27.30%34.63%
$500 to $6998,69118.51%, see rank25.34%21.16%
$700 or More30,55365.06%, see rank34.29%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lake County
14.70% of the Total Income
Illinois
13.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lake County%IllinoisU.S.
10% or Less14,53330.95%, see rank34.64%40.19%
10% to 20%15,15832.28%, see rank34.00%31.47%
20% to 30%7,25015.44%, see rank13.55%12.24%
30% to 40%3,4757.40%, see rank6.36%5.64%
40% or More6,14913.09%, see rank10.25%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Lake CountyIllinoisU.S.
Total Housing Units260,834, 100%5,299,433132,741,033
1-unit, Detached175,339, 67.22%, see rank58.58%61.65%
1-unit, Attached29,968, 11.49%, see rank5.85%5.82%
2 Units6,759, 2.59%, see rank5.71%3.75%
3 or 4 Units7,434, 2.85%, see rank6.80%4.43%
5 to 9 Units8,952, 3.43%, see rank6.22%4.78%
10 or More Units27,720, 10.63%, see rank14.23%13.08%
Mobile Home, Boat, RV, Van, etc.4,662, 1.79%, see rank2.61%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Lake CountyIllinoisU.S.
Total Housing Units260,834, 100%5,299,433132,741,033
1 Room2,227, 0.85%, see rank2.20%1.95%
2 Rooms3,398, 1.30%, see rank2.22%2.48%
3 Rooms16,361, 6.27%, see rank8.27%9.13%
4 Rooms33,669, 12.91%, see rank16.08%16.60%
5 Rooms41,023, 15.73%, see rank20.31%20.41%
6 Rooms43,702, 16.75%, see rank18.17%18.06%
7 Rooms35,121, 13.46%, see rank12.12%12.27%
8 Rooms32,003, 12.27%, see rank8.93%8.48%
9 Rooms or More53,330, 20.45%, see rank11.70%10.60%
Median Rooms6.30, see rank5.605.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Lake CountyIllinoisU.S.
Total Housing Units260,834, 100%5,299,433132,741,033
No Bedroom2,567, 0.98%, see rank2.50%2.17%
1 Bedroom21,334, 8.18%, see rank11.67%11.16%
2 Bedrooms61,886, 23.73%, see rank29.01%26.69%
3 Bedrooms89,832, 34.44%, see rank36.76%39.70%
4 Bedrooms68,289, 26.18%, see rank15.97%16.05%
5 or More Bedrooms16,926, 6.49%, see rank4.10%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Lake CountyIllinoisU.S.
Total Housing Units241,846, 100%4,778,633116,211,092
Utility Gas211,812, 87.58%, see rank79.46%48.85%
Bottled, Tank, or LP Gas1,852, 0.77%, see rank4.08%4.86%
Electricity26,761, 11.07%, see rank14.82%36.68%
Fuel Oil, Kerosene, etc.218, 0.09%, see rank0.20%5.86%
Coal or Coke0, 0.00%, see rank0.02%0.12%
Wood321, 0.13%, see rank0.50%2.12%
Solar Energy6, 0.00%, see rank0.02%0.05%
Other Fuel377, 0.16%, see rank0.45%0.47%
No Fuel Used499, 0.21%, see rank0.46%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalLake CountyIllinoisU.S.
Occupied Units Paying Rent57,700, 100%1,513,61739,201,928
$199 or Less1,009, 1.75%, see rank1.84%1.50%
$200 to $2991,415, 2.45%, see rank3.23%3.18%
$300 to $4992,105, 3.65%, see rank7.28%7.37%
$500 to $6994,624, 8.01%, see rank15.00%16.01%
$700 to $99917,139, 29.70%, see rank33.11%29.17%
$1,000 to $1,49919,215, 33.30%, see rank26.04%26.88%
$1,500 to $1,9997,947, 13.77%, see rank8.81%9.79%
$2,000 or More4,246, 7.36%, see rank4.70%6.10%
Median$1,055, see rank$903$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Lake CountyIllinoisU.S.
Occupied Housing Units241,846, 100%4,778,633116,211,092
No Vehicles Available12,000, 4.96%, see rank10.79%9.12%
1 Vehicles Available68,251, 28.22%, see rank35.14%33.80%
2 Vehicles Available107,707, 44.54%, see rank36.99%37.48%
3 or More Vehicles Available53,888, 22.28%, see rank17.09%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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