Belvidere, IL Real Estate
According to census data in the year 2000 there were 7,941 housing units in Belvidere.
This represents a 23.8% growth from 6,414 in 1990.
Of those housing units, 7,536 were located in either urbanized areas or urban clusters, and 405 were located in what is classified as a rural area.
Homeownership rate in Belvidere is about 67.5%.
Belvidere's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.72 people.
The majority of houses, apartments or condos in Belvidere were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 14.30% |
| Two Bedrooms | 25.70% |
| Three Bedrooms | 41.30% |
| Four Bedrooms | 14.10% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $99,600 |
| Median Price asked for vacant units | $98,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $436 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 12.20% |
| Simple Mortgage | 54% |
| Debt Free | 26.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
