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New Grand Chain, IL Real Estate


According to census data in the year 2000 there were 115 housing units in New Grand Chain. This represents a 0.9% decline from 116 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 115 were located in what is classified as a rural area.

Homeownership rate in New Grand Chain is about 76.8%. New Grand Chain's vacancy rate, including seasonal lodging, is about 17.4%. Average household size is 2.4 people.

The majority of houses, apartments or condos in New Grand Chain were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.80%
Two Bedrooms38.30%
Three Bedrooms33%
Four Bedrooms17.40%
Five Bedrooms or more3.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1956
Median Value of occupied units$43,100
Median Price asked for vacant units$22,500

Rented Homes, Apartments and Condos

Average Household Size2.05
Median year structure was built1955
Median Monthly Rent asked for vacant units$300

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan0%
Simple Mortgage61.70%
Debt Free38.30%
As % of Housing Units
   
Median part of Monthly Household Income dedicated to covering home ownership costs15.8%