Lanark, IL Real Estate
According to census data in the year 2000 there were 694 housing units in Lanark.
This represents a 6.4% growth from 652 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 694 were located in what is classified as a rural area.
Homeownership rate in Lanark is about 81.2%.
Lanark's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Lanark were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.10% |
| Two Bedrooms | 26.10% |
| Three Bedrooms | 49.70% |
| Four Bedrooms | 14.80% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $66,000 |
| Median Price asked for vacant units | $76,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $281 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.30% |
| Home Equity Loan | 3.30% |
| Simple Mortgage | 45.40% |
| Debt Free | 48% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
