Forest City, IL Real Estate
According to census data in the year 2000 there were 116 housing units in Forest City.
This represents a 4.9% decline from 122 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 116 were located in what is classified as a rural area.
Homeownership rate in Forest City is about 83.5%.
Forest City's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 3.11 people.
The majority of houses, apartments or condos in Forest City were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.70% |
| Two Bedrooms | 40.50% |
| Three Bedrooms | 36.20% |
| Four Bedrooms | 17.20% |
| Five Bedrooms or more | 4.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.05 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $40,800 |
| Median Price asked for vacant units | $25,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.39 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 0% |
| Simple Mortgage | 56.50% |
| Debt Free | 39.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
