Monmouth, IL Real Estate
According to census data in the year 2000 there were 3,989 housing units in Monmouth.
This represents a 2.6% decline from 4,097 in 1990.
Of those housing units, 3,970 were located in either urbanized areas or urban clusters, and 19 were located in what is classified as a rural area.
Homeownership rate in Monmouth is about 70.2%.
Monmouth's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Monmouth were built after 1947.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 13% |
| Two Bedrooms | 36.80% |
| Three Bedrooms | 33% |
| Four Bedrooms | 13.10% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $52,900 |
| Median Price asked for vacant units | $38,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $258 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.60% |
| Home Equity Loan | 9% |
| Simple Mortgage | 43.50% |
| Debt Free | 44% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
