Arcola, IL Real Estate
According to census data in the year 2000 there were 1,078 housing units in Arcola.
This represents a 2.2% growth from 1,055 in 1990.
Of those housing units, 1,067 were located in either urbanized areas or urban clusters, and 11 were located in what is classified as a rural area.
Homeownership rate in Arcola is about 75.6%.
Arcola's vacancy rate, including seasonal lodging, is about 4.6%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Arcola were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 9.10% |
| Two Bedrooms | 31.10% |
| Three Bedrooms | 40% |
| Four Bedrooms | 14.70% |
| Five Bedrooms or more | 4.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $69,500 |
| Median Price asked for vacant units | $9,999 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $383 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.90% |
| Home Equity Loan | 4.80% |
| Simple Mortgage | 54.20% |
| Debt Free | 37.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
