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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 Type0%
One Bedroom5.80%
Two Bedrooms34.30%
Three Bedrooms43.80%
Four Bedrooms16.10%
Five Bedrooms or more0%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1939
Median Value of occupied units$38,600
Median Price asked for vacant units$20,000

Rented Homes, Apartments and Condos

Average Household Size2.71
Median year structure was built1951

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2%
Home Equity Loan2%
Simple Mortgage56.60%
Debt Free39.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.8%