Elmwood, IL Real Estate
According to census data in the year 2000 there were 808 housing units in Elmwood.
This represents a 7.6% growth from 751 in 1990.
Of those housing units, 785 were located in either urbanized areas or urban clusters, and 23 were located in what is classified as a rural area.
Homeownership rate in Elmwood is about 82.4%.
Elmwood's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Elmwood were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 5.70% |
| Two Bedrooms | 26.70% |
| Three Bedrooms | 48.40% |
| Four Bedrooms | 16.30% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $76,700 |
| Median Price asked for vacant units | $63,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1956 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 42.20% |
| Debt Free | 45.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.5% |
