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Chicago Mortgage Quotes And Real Estate


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Chicago Mortgage and Real Estate Facts

Overview

House hunters in Chicago will find an estimated 1,061,921 individual houses, condominiums, and apartments. Approximately 44% of housing in the city is owner-occupied.

Chicago Mortgage

At least 68% of home owners in Chicago are making mortgage payments. Like 15% of homeowners in the city, you might also use your home's equity with a second mortgage or home equity loan.

Mortgage and interest rate quotes for the Chicago area (or anywhere else you choose in the US) are available, without obligation or credit checks:

Chicago Mortgage Statistics

CategoryValue
Homes With No Mortgage32%
With A Mortgage68%
First Mortgage Only53%
Second Mortgage or Home Equity Loan15%
Second Mortgage Only8%
Home Equity Loan Only8%

Chicago Housing Expenses

CategoryValue
Owner Costs as % of Income20.5%
Median Real Estate Taxes (2000)$1,784

Chicago Household Size

CategoryValue
Total Occupied1,061,921
1-Person Households33%
2-Person Households26%
3-Person Households15%
4-Person Households12%
5-Person Households7%
6-Person Households4%
7+-Person Households4%

Chicago Housing Stock

CategoryValue
Median Year Built1948
Median Year Built (Owner Occupied)1947
Median Year Built (Renter Occupied)1949

Chicago Home Heating

CategoryValue
Using Utility Co. Gas Heat90%
Using Bottled/Tank Gas Heat1%
Using Electric Heat7%
Using Oil Heat1%
Using Coal0%
Using Wood Heating0%
Using Solar Heat0%
Other Heating0%
No Heating0%

Chicago Housing Size

CategoryValue
No Bedrooms1%
1 Bedroom9%
2 Bedrooms31%
3 Bedrooms40%
4 Bedrooms13%
5+ Bedrooms6%

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