Cortland, IL Real Estate
According to census data in the year 2000 there were 732 housing units in Cortland.
This represents a 100% growth from 366 in 1990.
Of those housing units, 715 were located in either urbanized areas or urban clusters, and 17 were located in what is classified as a rural area.
Homeownership rate in Cortland is about 72.3%.
Cortland's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 2.92 people.
The majority of houses, apartments or condos in Cortland were built after 1991.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.80% |
| Two Bedrooms | 20.80% |
| Three Bedrooms | 57.20% |
| Four Bedrooms | 18.40% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.06 |
| Median year structure was built | 1990 |
| Median Value of occupied units | $134,400 |
| Median Price asked for vacant units | $150,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1996 |
| Median Monthly Rent asked for vacant units | $675 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 12.30% |
| Simple Mortgage | 63.20% |
| Debt Free | 15.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.6% |
