Lima, IL Real Estate
According to census data in the year 2000 there were 58 housing units in Lima.
This represents a 20.8% growth from 48 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 58 were located in what is classified as a rural area.
Homeownership rate in Lima is about 92.7%.
Lima's vacancy rate, including seasonal lodging, is about 5.2%.
Average household size is 2.6 people.
The majority of houses, apartments or condos in Lima were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.40% |
| One Bedroom | 5.20% |
| Two Bedrooms | 34.50% |
| Three Bedrooms | 44.80% |
| Four Bedrooms | 8.60% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $51,000 |
| Median Price asked for vacant units | $12,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.75 |
| Median year structure was built | 1945 |
| Median Monthly Rent asked for vacant units | $250 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.70% |
| Home Equity Loan | 0% |
| Simple Mortgage | 41.90% |
| Debt Free | 48.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.8% |
