households, having a much lower monthly affordability level, can only afford 68 percent
of the rental units in the county. In areas of the county with known higher concentrations
of Black or African-American households or Hispanic households, such as North
Chicago, Waukegan, or Round Lake Beach, Black/African-American and Hispanic
households at or below the median income would be cost burdened in more than one
third of the rental units.
Exhibit III-43.
Contract/Asking Rent for Lake County
Contract/Asking Rent
Less than $100
Number
1,061
Percent
0.50%
$100 to $149
568
0.40%
$150 to $199
1,358
1.30%
$200 to $249
830
0.50%
$250 to $299
301
0.70%
$300 to $349
533
0.80%
$350 to $399
392
0.70%
$400 to $449
855
1.20%
$450 to $499
856
1.60%
$500 to $549
2,549
2.70%
$550 to $599
1,832
2.20%
$600 to $649
2,717
4.90%
$650 to $699
2,931
6.20%
$700 to $749
3,851
7.90%
$750 to $799
3,278
7.50%
$800 to $899
7,332
19.40%
$900 to $999
5,327
9.50%
$1,000 to $1,249
8,945
13.90%
$1,250 to $1,499
5,617
5.60%
$1,500 to $1,999
3,850
6.10%
$2,000 or more
3,262
3.10%
No Cash Rent
3,119
3.40%
61,364
100.00%
Total
Source: 2012 ACS 1-Year Estimates.
58
APPLIED REAL ESTATE ANALYSIS, INC.
LAKE COUNTY, ILLINOIS