Iola, IL Real Estate
According to census data in the year 2000 there were 66 housing units in Iola.
This represents a 8.2% growth from 61 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 66 were located in what is classified as a rural area.
Homeownership rate in Iola is about 80.3%.
Iola's vacancy rate, including seasonal lodging, is about 7.6%.
Average household size is 2.92 people.
The majority of houses, apartments or condos in Iola were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 13.60% |
| Two Bedrooms | 34.80% |
| Three Bedrooms | 27.30% |
| Four Bedrooms | 19.70% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.41 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $31,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 0.92 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 44.20% |
| Debt Free | 55.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
