Genoa, IL Real Estate
According to census data in the year 2000 there were 1,627 housing units in Genoa.
This represents a 32.7% growth from 1,226 in 1990.
Of those housing units, 1,614 were located in either urbanized areas or urban clusters, and 13 were located in what is classified as a rural area.
Homeownership rate in Genoa is about 70.3%.
Genoa's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.76 people.
The majority of houses, apartments or condos in Genoa were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.50% |
| One Bedroom | 11% |
| Two Bedrooms | 30.40% |
| Three Bedrooms | 42.50% |
| Four Bedrooms | 13% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.03 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $120,700 |
| Median Price asked for vacant units | $127,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $395 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 13.10% |
| Home Equity Loan | 12.70% |
| Simple Mortgage | 59.60% |
| Debt Free | 14.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.5% |
