Pekin, IL Real Estate
According to census data in the year 2000 there were 14,002 housing units in Pekin.
This represents a 1.6% growth from 13,776 in 1990.
Of those housing units, 13,900 were located in either urbanized areas or urban clusters, and 102 were located in what is classified as a rural area.
Homeownership rate in Pekin is about 67.2%.
Pekin's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Pekin were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 13.40% |
| Two Bedrooms | 34% |
| Three Bedrooms | 38.10% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $75,900 |
| Median Price asked for vacant units | $62,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $373 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 9.60% |
| Simple Mortgage | 47.10% |
| Debt Free | 37.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
