Colchester, IL Real Estate
According to census data in the year 2000 there were 681 housing units in Colchester.
This represents a 5.2% decline from 718 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 681 were located in what is classified as a rural area.
Homeownership rate in Colchester is about 72.6%.
Colchester's vacancy rate, including seasonal lodging, is about 8.4%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Colchester were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 8.20% |
| Two Bedrooms | 40.50% |
| Three Bedrooms | 42.40% |
| Four Bedrooms | 6.90% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $45,800 |
| Median Price asked for vacant units | $37,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $271 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 47.40% |
| Debt Free | 42.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
