Mahomet, IL Real Estate
According to census data in the year 2000 there were 1,703 housing units in Mahomet.
This represents a 46.9% growth from 1,159 in 1990.
Of those housing units, 1,591 were located in either urbanized areas or urban clusters, and 112 were located in what is classified as a rural area.
Homeownership rate in Mahomet is about 81.7%.
Mahomet's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 3 people.
The majority of houses, apartments or condos in Mahomet were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2.20% |
| Two Bedrooms | 16.30% |
| Three Bedrooms | 52.80% |
| Four Bedrooms | 23.80% |
| Five Bedrooms or more | 4.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.08 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $113,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.90% |
| Home Equity Loan | 7.60% |
| Simple Mortgage | 63.40% |
| Debt Free | 19.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
