Banning, CA Real Estate
According to census data in the year 2000 there were 9,739 housing units in Banning.
This represents a 17.6% growth from 8,278 in 1990.
Of those housing units, 9,497 were located in either urbanized areas or urban clusters, and 242 were located in what is classified as a rural area.
Homeownership rate in Banning is about 72.4%.
Banning's vacancy rate, including seasonal lodging, is about 8.7%.
Average household size is 2.6 people.
The majority of houses, apartments or condos in Banning were built after 1978.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.10% |
| One Bedroom | 13.90% |
| Two Bedrooms | 47.40% |
| Three Bedrooms | 29.10% |
| Four Bedrooms | 6.20% |
| Five Bedrooms or more | 0.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $110,000 |
| Median Price asked for vacant units | $69,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.33 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $379 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 3.10% |
| Simple Mortgage | 52.30% |
| Debt Free | 37.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.8% |
