Mendon, IL Real Estate
According to census data in the year 2000 there were 374 housing units in Mendon.
This represents a 7.8% growth from 347 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 374 were located in what is classified as a rural area.
Homeownership rate in Mendon is about 77.1%.
Mendon's vacancy rate, including seasonal lodging, is about 6.4%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Mendon were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 8.60% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 45.50% |
| Four Bedrooms | 15.50% |
| Five Bedrooms or more | 4.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $62,600 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $244 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.70% |
| Home Equity Loan | 6% |
| Simple Mortgage | 56% |
| Debt Free | 33.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14% |
