Lovington, IL Real Estate
According to census data in the year 2000 there were 542 housing units in Lovington.
This represents a 5.2% growth from 515 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 542 were located in what is classified as a rural area.
Homeownership rate in Lovington is about 73.8%.
Lovington's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Lovington were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.20% |
| Two Bedrooms | 36.20% |
| Three Bedrooms | 42.10% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $55,400 |
| Median Price asked for vacant units | $33,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.01 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 2% |
| Simple Mortgage | 49.70% |
| Debt Free | 42.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
