Spring Bay, IL Real Estate
According to census data in the year 2000 there were 200 housing units in Spring Bay.
This represents a 14.3% growth from 175 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 200 were located in what is classified as a rural area.
Homeownership rate in Spring Bay is about 85.2%.
Spring Bay's vacancy rate, including seasonal lodging, is about 9%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Spring Bay were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5% |
| Two Bedrooms | 36% |
| Three Bedrooms | 53% |
| Four Bedrooms | 5% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $75,900 |
| Median Price asked for vacant units | $80,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 7.60% |
| Simple Mortgage | 41.20% |
| Debt Free | 51.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
