McCullom Lake Illinois Area Home Supply Charts

This page looks at a variety of McCullom Lake Illinois housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. McCullom Lake depicts it has a Housing Units of 426 which is the second smallest when sorted by housing units of all the other places in the greater region.

Figure 2 illustrates the housing density in the McCullom Lake housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) McCullom Lake depicts it has a Housing Density of 1131.3 which is the largest of all places in the greater McCullom Lake region. Comparing housing density to the United States average of 38.9, McCullom Lake is substantially bigger. Also, compared to the state of Illinois, housing density of 96.4, McCullom Lake is markedly bigger.

In Figure 4, McCullom Lake area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. McCullom Lake depicts it has a Housing Unit Change of -3.2% which is the smallest when ranked by change in the housing units of all the other places in the area. The city with the highest change in the housing units in the area is Wonder Lake which depicts a housing units of 16.4% ( very much bigger). Comparing change in the housing units to the United States average of 5.7%, McCullom Lake is about the same size. Also, compared with the state of Illinois, change in the housing units of 1.2%, McCullom Lake is approximately 2.6 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) McCullom Lake shows it has a Renter Percent of 45.7% which is ranked #1 of all places in the greater McCullom Lake region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 54.3% which is the smallest in terms of owner percent of all the other places in the metro area.

McCullom Lake Illinois Home Cost Charts

Looking at the housing data provided in Figure 7, the average McCullom Lake home price is illustrated for this community and a useful analysis of affordable housing. McCullom Lake depicts it has a Median Home Value of $130,100 which is the smallest in terms of median home price of all the other places in the greater region. The city with the highest median home price in the area is Bull Valley which depicts a home price of $383,200 (approximately 2.9 times bigger). Figure 8 provides aggregate comparative data for the McCullom Lake Illinois metro area in terms of the median housing rental rate, apartment rent, etc. McCullom Lake depicts it has a Median Gross Rent of $1,188 which is in the mid range of other places in the local area. The city with the highest rental rates in the area is Johnsburg which depicts a rental rates of $1,410 (18.7% larger). Comparing rental rates to the United States average of $1,062, McCullom Lake is 11.9% larger. Also, in contrast to the state of Illinois, rental rates of $1,010, McCullom Lake is 17.6% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. McCullom Lake has the largest proportion of home price worth less than $50,000 at 15% of the total and is ranked #1. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 71% of the total and is ranked #1. Third, it has the smallest proportion of home price worth between $100,000 to $200,000 at 10% of the total. Also, it has the smallest proportion of home price worth between $200,000 to $300,000 at 1% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. McCullom Lake depicts it has a Median Owner Cost of $1,108 which is the smallest in order of median ownership cost of all the other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the McCullom Lake metro area. it has a Owner Cost as % of HH Income of 22% which is the second most cost as a percent of household income of all the places in the greater McCullom Lake region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. McCullom Lake shows it has a Median Home Value as Percent of Median Earnings of 286% which is the smallest in terms of median home value as a percent of median worker earnings of all the other places in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) McCullom Lake depicts it has a Median Owner Costs-With Mortgage of $1,253 which is the smallest in order of median housing cost of all the other places in the surrounding region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $500 which is the smallest when sorted by median housing cost of all the other places in the area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. McCullom Lake has the largest proportion of owner cost between $300 and $500 at 12% of the total and is ranked #1. Second, it has the largest proportion of owner cost between $500 and $700 at 16% of the total and is ranked #1. Third, it has the largest proportion of owner cost between $700 and $1,000 at 44% of the total and is ranked #1. Also, it has the smallest proportion of owner cost between $1,000 and $1,500 at 8% of the total. In addition, it has the smallest proportion of owner cost between $1,500 and $2,000 at 6% of the total. Furthermore, it has the smallest proportion of owner cost between $2,000 and $2,500 at 2% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) McCullom Lake depicts it has a % of Income Owner Costs-With Mortgage of 24% which is the second most cost as a percent of household income of all the places in the greater McCullom Lake region. The city with the highest cost as a percent of household income in the area is Bull Valley which depicts a cost as a percent of household income of 24% (only about 3.0% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. McCullom Lake shows it has a % of Income Owner Costs-No Mortgage of 13% which is less than most other places in the surrounding region. The city with the highest cost as a percent of household income in the area is Bull Valley which depicts a cost as a percent of household income of 20% (51.5% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) McCullom Lake has one of the largest proportions of rent as a percent of income is less than 10 pct at 35% of the total and is ranked #2. The only larger city being Johnsburg with 45%. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 23% of the total and is ranked #3. Only #2 Lakemoor (26%), and #1 Ringwood (33%) are larger. Third, it has in the mid range of other places in the area when sorted by rent as a percent of income is between 40pct to 50pct at 13% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. McCullom Lake has the largest proportion of housing cost less than $300 at 6% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $500 and $700 at 18% of the total and is ranked #1. Third, it has the largest proportion of housing cost between $700 and $1,000 at 42% of the total and is ranked #1. Also, it has the smallest proportion of housing cost between $1,500 and $2,000 at 3% of the total. In addition, it has the smallest proportion of housing cost between $2,000 and $2,500 at 1% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $3,198 which is the smallest in order of median real estate taxes paid of all the other places in the area. The city with the highest median real estate taxes paid in the area is Bull Valley which shows a taxes paid of $10,001 (approximately 3.1 times bigger). Comparing median real estate taxes paid to the United States average of $2,471, McCullom Lake is 29.4% larger. Also, in contrast to the state of Illinois, median real estate taxes paid of $4,419, McCullom Lake is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. McCullom Lake Illinois has the percentage of rent between 300 and 500 dollars less than most other places in the local area at 3% of the total. Second, it has one of the largest proportions of rent between 500 and 750 dollars at 21% of the total and is ranked #2. The only larger city being Ringwood with 42%.

McCullom Lake Illinois Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. McCullom Lake has the smallest proportion of with mortgage at 8% of the total. Second, it has one of the largest proportions of both 2nd mortgage and heloc at 68% of the total and is ranked #2. The only larger city being Wonder Lake with 69%.

McCullom Lake Illinois Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.4 which is at the top of all other places in the local area. Comparing family members per housing unit to the United States average of 3.3, McCullom Lake is only slightly larger. Also, compared with the state of Illinois, family members per housing unit of 3.3, McCullom Lake is only slightly larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.4 which is the smallest when sorted by average number of rooms in a house of all the other places in the local area. The city with the highest average number of rooms in a house in the area is Bull Valley which shows an average number of rooms in a house of 10.0 (about twice as large). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1957 which is the smallest as measured by year built of all the other places in the metro area. The city with the highest year built in the area is Lakemoor which depicts a year built of 1997 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the smallest proportion of homes built between 2010 to 2013 at 14% of the total. Second, it has less than most other places in the surrounding region in terms of homes built between 2000 to 2009 at 12% of the total. Third, it has the smallest proportion of homes built between 1990 to 1999 at 3% of the total. Also, it has the second smallest in terms of homes built in 2014 or later of all the other places in the greater region when ranked by homes built between 1980 to 1989 at 2% of the total. In addition, it has the largest proportion of homes built between 1960 to 1969 at 29% of the total and is ranked #1. Furthermore, it has the largest proportion of homes built between 1950 to 1959 at 11% of the total and is ranked #1. Next it has one of the largest proportions of homes built between 1940 to 1949 at 19% of the total and is ranked #2. The only larger city being Ringwood with 23%.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other places in the local area at 179 of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the smallest proportion of value of homes built 2010 to 2013 at $186,200 of the total. Second, it has less than most other places in the metro area in terms of value of homes built 2000 to 2009 at $188,300 of the total. Third, it has the smallest proportion of value of homes built 1990 to 1999 at $114,300 of the total. Also, it has less than most other places in the metro area in terms of value of homes built 1970 to 1979 at $98,300 of the total. In addition, it has less than most other places in the local area in terms of value of homes built 1960 to 1969 at $137,000 of the total. Furthermore, it has the second smallest in order of value of homes built 2014 or later of all the other places in the local area as measured by value of homes built 1950 to 1959 at $118,300 of the total. Next it has the second smallest as measured by value of homes built 2014 or later of all the other places in the metro area in order of value of homes built 1940 to 1949 at $104,800 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for McCullom Lake residents. it has a Owner-Household Size of 2.4 which is the smallest when ranked by homeowner household size of all the other places in the local area. The city with the highest homeowner household size in the area is Johnsburg which depicts a homeowner household size of 3.0 (25.8% larger).

Figure 37 shows the household size for renters. McCullom Lake shows it has a Renter-Household Size of 3.2 which is more than all other places in the greater McCullom Lake region. Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 11% of the total and is ranked #2. The only larger city being Wonder Lake with 17%. Second, it has the largest proportion of owners moved in 2015 to 2016 at 37% of the total and is ranked #1. Third, it has the smallest proportion of owners moved in 2010 to 2014 at 18% of the total. Also, it has the largest proportion of owners moved in 2000 to 2009 at 22% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. McCullom Lake has the percentage of renters moved in 2017 or later the second smallest when ranked by renters moved in 2017 or later of all the other places in the local area at 18% of the total. Second, it has the largest proportion of renters moved in 2015 to 2016 at 63% of the total and is ranked #1. Third, it has the smallest proportion of renters moved in 2010 to 2014 at 5% of the total. Also, it has the largest proportion of renters moved in 1990 to 1999 at 3% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2005 which is the third most median year that a home owner moved in of all other places in the greater McCullom Lake region. Figure 41 compares the median year that renters moved into their home. McCullom Lake shows it has a Renter Median Year Moved In of 2014 which is less than most other places in the area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest when sorted by homes using natural gas of all the other places in the local area at 3% of the total.