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Lake Zurich, IL Housing

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As of 2010-2014, median price of a house in Lake Zurich is $316,500, which is much higher than the state average of $175,700 and is much higher than the national average of $175,700. The Lake Zurich median house value has grown by 40.60% since 2000. The growth rate for the price of a house in Lake Zurich is higher 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 Zurich was built is 1982, 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 Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 5,888 Owner Occupied Houses in Lake Zurich, IL, #62

Lake Zurich, IL	316,500 USD
Illinois	175,700 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #474

Lake Zurich, IL	40.60%
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 Zurich, IL	Illinois	U.S.
Total Housing Units	6,930, see rank, 100%	5,299,433	132,741,033
Occupied Housing Units	6,633, 95.71%, see rank	90.17%	87.55%
Owner Occupied	5,888, 84.96%, see rank	60.28%	56.34%
Renter Occupied	745, 10.75%, see rank	29.89%	31.21%
Vacant Housing Units	297, 4.29%, see rank	9.83%	12.45%
For Rent	26, 0.38%, see rank	2.18%	2.34%
For Sale Only	53, 0.76%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	50, 0.72%, see rank	0.87%	0.92%
For Seasonal, Recreational, or Occasional Use	70, 1.01%, see rank	0.95%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	98, 1.41%, see rank	4.46%	4.00%

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

Year Structure Built

Median Built Year, #171

Lake Zurich, IL	Illinois	U.S.
1982	1967	1976

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 Zurich, IL	%	Illinois	U.S.
Owner-Occupied Units	5,888	100%	3,194,707	74,787,460
With a Mortgage	4,556	77.38%, see rank	67.18%	65.58%
Without a Mortgage	1,332	22.62%, see rank	32.82%	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 Zurich, IL	2,274 USD
Illinois	1,676 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Lake Zurich, IL	%	Illinois	U.S.
$299 or Less	6	0.13%, see rank	0.14%	0.20%
$300 to $499	0	0.00%, see rank	1.21%	1.59%
$500 to $699	75	1.65%, see rank	4.05%	5.01%
$700 to $999	79	1.73%, see rank	11.52%	14.32%
$1,000 to $1,499	479	10.51%, see rank	24.62%	27.90%
$1,500 to $1,999	984	21.60%, see rank	22.62%	20.35%
$2,000 to $2,999	2,077	45.59%, see rank	24.08%	19.52%
$3,000 or More	856	18.79%, see rank	11.76%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Lake Zurich, IL	23.40% 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 Zurich, IL	%	Illinois	U.S.
10% or Less	318	6.98%, see rank	5.20%	5.86%
10% to 20%	1,361	29.87%, see rank	31.00%	31.95%
20% to 30%	1,463	32.11%, see rank	27.90%	27.64%
30% to 40%	709	15.56%, see rank	14.28%	13.74%
40% or More	690	15.14%, see rank	21.15%	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 Zurich, IL	841 USD
Illinois	572 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Lake Zurich, IL	%	Illinois	U.S.
$199 or Less	0	0.00%, see rank	4.12%	7.76%
$200 to $299	17	1.28%, see rank	8.95%	14.70%
$300 to $499	52	3.90%, see rank	27.30%	34.63%
$500 to $699	300	22.52%, see rank	25.34%	21.16%
$700 or More	963	72.30%, see rank	34.29%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Lake Zurich, IL	12.70% 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 Zurich, IL	%	Illinois	U.S.
10% or Less	486	36.49%, see rank	34.64%	40.19%
10% to 20%	468	35.14%, see rank	34.00%	31.47%
20% to 30%	161	12.09%, see rank	13.55%	12.24%
30% to 40%	138	10.36%, see rank	6.36%	5.64%
40% or More	55	4.13%, see rank	10.25%	9.16%

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

Units in Structure

	Lake Zurich, IL	Illinois	U.S.
Total Housing Units	6,930, 100%	5,299,433	132,741,033
1-unit, Detached	5,822, 84.01%, see rank	58.58%	61.65%
1-unit, Attached	444, 6.41%, see rank	5.85%	5.82%
2 Units	0, 0.00%, see rank	5.71%	3.75%
3 or 4 Units	137, 1.98%, see rank	6.80%	4.43%
5 to 9 Units	52, 0.75%, see rank	6.22%	4.78%
10 or More Units	374, 5.40%, see rank	14.23%	13.08%
Mobile Home, Boat, RV, Van, etc.	101, 1.46%, see rank	2.61%	6.49%

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

Rooms

	Lake Zurich, IL	Illinois	U.S.
Total Housing Units	6,930, 100%	5,299,433	132,741,033
1 Room	38, 0.55%, see rank	2.20%	1.95%
2 Rooms	78, 1.13%, see rank	2.22%	2.48%
3 Rooms	156, 2.25%, see rank	8.27%	9.13%
4 Rooms	484, 6.98%, see rank	16.08%	16.60%
5 Rooms	713, 10.29%, see rank	20.31%	20.41%
6 Rooms	967, 13.95%, see rank	18.17%	18.06%
7 Rooms	1,271, 18.34%, see rank	12.12%	12.27%
8 Rooms	1,335, 19.26%, see rank	8.93%	8.48%
9 Rooms or More	1,888, 27.24%, see rank	11.70%	10.60%
Median Rooms	7.30, see rank	5.60	5.50

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

Bedrooms

	Lake Zurich, IL	Illinois	U.S.
Total Housing Units	6,930, 100%	5,299,433	132,741,033
No Bedroom	52, 0.75%, see rank	2.50%	2.17%
1 Bedroom	290, 4.18%, see rank	11.67%	11.16%
2 Bedrooms	758, 10.94%, see rank	29.01%	26.69%
3 Bedrooms	2,727, 39.35%, see rank	36.76%	39.70%
4 Bedrooms	2,860, 41.27%, see rank	15.97%	16.05%
5 or More Bedrooms	243, 3.51%, see rank	4.10%	4.22%

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

House Heating Fuel

	Lake Zurich, IL	Illinois	U.S.
Total Housing Units	6,633, 100%	4,778,633	116,211,092
Utility Gas	6,296, 94.92%, see rank	79.46%	48.85%
Bottled, Tank, or LP Gas	21, 0.32%, see rank	4.08%	4.86%
Electricity	290, 4.37%, see rank	14.82%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.20%	5.86%
Coal or Coke	0, 0.00%, see rank	0.02%	0.12%
Wood	26, 0.39%, see rank	0.50%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	0, 0.00%, see rank	0.45%	0.47%
No Fuel Used	0, 0.00%, see rank	0.46%	1.00%

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

Gross Rent

Monthly Rental	Lake Zurich, IL	Illinois	U.S.
Occupied Units Paying Rent	721, 100%	1,513,617	39,201,928
$199 or Less	25, 3.47%, see rank	1.84%	1.50%
$200 to $299	66, 9.15%, see rank	3.23%	3.18%
$300 to $499	24, 3.33%, see rank	7.28%	7.37%
$500 to $699	47, 6.52%, see rank	15.00%	16.01%
$700 to $999	100, 13.87%, see rank	33.11%	29.17%
$1,000 to $1,499	225, 31.21%, see rank	26.04%	26.88%
$1,500 to $1,999	159, 22.05%, see rank	8.81%	9.79%
$2,000 or More	75, 10.40%, see rank	4.70%	6.10%
Median	$1,162, see rank	$903	$920

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

Vehicle Available

	Lake Zurich, IL	Illinois	U.S.
Occupied Housing Units	6,633, 100%	4,778,633	116,211,092
No Vehicles Available	171, 2.58%, see rank	10.79%	9.12%
1 Vehicles Available	1,348, 20.32%, see rank	35.14%	33.80%
2 Vehicles Available	3,351, 50.52%, see rank	36.99%	37.48%
3 or More Vehicles Available	1,763, 26.58%, see rank	17.09%	19.61%

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