Mt. Olive, IL Real Estate
According to census data in the year 2000 there were 985 housing units in Mt. Olive.
This represents a 1.1% decline from 996 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 985 were located in what is classified as a rural area.
Homeownership rate in Mt. Olive is about 83.2%.
Mt. Olive's vacancy rate, including seasonal lodging, is about 8.7%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Mt. Olive were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 12.40% |
| Two Bedrooms | 38.90% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $48,500 |
| Median Price asked for vacant units | $19,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.79 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.60% |
| Home Equity Loan | 6.60% |
| Simple Mortgage | 37.60% |
| Debt Free | 52.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.8% |
