Illinois Real Estate
According to census data in the year 2000 there were 4,885,615 housing units in Illinois.
This represents a 8.4% from 4,506,275 in 1990.
Of those housing units, 4,267,578 were located in either urbanized areas or urban clusters, and 618,037 were located in what is classified as a rural area.
Homeownership rate in Illinois is about 67.3%.
Illinois's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Illinois were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.8% |
| One Bedroom | 13.3% |
| Two Bedrooms | 29.8% |
| Three Bedrooms | 36.7% |
| Four Bedrooms | 14.2% |
| Five Bedrooms or more | 3.2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $130,800 |
| Median Price asked for vacant units | $92,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $473 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 6.5% |
| Home Equity Loan | 9.3% |
| Simple Mortgage | 53.8% |
| Debt Free | 30.2% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.8% |
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