Loraine, IL Real Estate
According to census data in the year 2000 there were 137 housing units in Loraine.
This represents a 4.9% decline from 144 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 137 were located in what is classified as a rural area.
Homeownership rate in Loraine is about 87.2%.
Loraine's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.7 people.
The majority of houses, apartments or condos in Loraine were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.80% |
| Two Bedrooms | 34.30% |
| Three Bedrooms | 43.80% |
| Four Bedrooms | 16.10% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $38,600 |
| Median Price asked for vacant units | $20,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1951 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2% |
| Home Equity Loan | 2% |
| Simple Mortgage | 56.60% |
| Debt Free | 39.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.8% |
