Occupancy
In 2012, there were 260,020 total housing units in Lake County (both villages and
unincorporated), of which 7.4 percent were vacant.15 This number reflects a 13 percent
increase since the year 2000, as the county gained 34,008 housing units. Nearly onequarter of the units (23 percent) were renter-occupied units.
In further evaluating the characteristics of owners and renters in Lake County, a majority
of owner-occupied units are owned by White households, totaling almost 77 percent of
actual units, though 84 percent of White households are homeowners, as opposed to 16
percent of White households that rent. Black or African-American households occupy
slightly less than 4 percent of ownership units, and 43 percent of Black or AfricanAmerican households own units while 57 percent of households rent. Nearly 75 percent
of Asian households in the County own the unit in which they live and occupy just over 5
percent of owner-occupied units. Finally, households identified as Hispanic or Latino
own slightly less than 10 percent of the owner-occupied units, as 59 percent of Hispanic
or Latino households own homes, while 41 percent of households rent units.
Exhibit III-38.
Occupancy Types by Race/Ethnicity
15
American Community Survey 2012 1-Year estimates.
53
APPLIED REAL ESTATE ANALYSIS, INC.
LAKE COUNTY, ILLINOIS