Galesburg, IL Real Estate
According to census data in the year 2000 there were 14,115 housing units in Galesburg.
This represents a 1.4% decline from 14,322 in 1990.
Of those housing units, 13,865 were located in either urbanized areas or urban clusters, and 250 were located in what is classified as a rural area.
Homeownership rate in Galesburg is about 64.1%.
Galesburg's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Galesburg were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 14.10% |
| Two Bedrooms | 37.50% |
| Three Bedrooms | 33.80% |
| Four Bedrooms | 11.20% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $60,900 |
| Median Price asked for vacant units | $50,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $367 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 4.40% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 44.60% |
| Debt Free | 43.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
