Homer, IL Real Estate
According to census data in the year 2000 there were 508 housing units in Homer.
This represents a 1.6% decline from 516 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 508 were located in what is classified as a rural area.
Homeownership rate in Homer is about 83.9%.
Homer's vacancy rate, including seasonal lodging, is about 4.5%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Homer were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.90% |
| Two Bedrooms | 32.30% |
| Three Bedrooms | 47.40% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 4.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $63,700 |
| Median Price asked for vacant units | $60,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $388 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.50% |
| Home Equity Loan | 4.20% |
| Simple Mortgage | 41.90% |
| Debt Free | 45.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.9% |
