Newman, IL Real Estate
According to census data in the year 2000 there were 456 housing units in Newman.
This represents a 4.3% growth from 437 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 456 were located in what is classified as a rural area.
Homeownership rate in Newman is about 73.2%.
Newman's vacancy rate, including seasonal lodging, is about 10.1%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Newman were built after 1942.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 8.10% |
| Two Bedrooms | 39.70% |
| Three Bedrooms | 39.70% |
| Four Bedrooms | 8.30% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $42,200 |
| Median Price asked for vacant units | $62,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1947 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.50% |
| Home Equity Loan | 3.20% |
| Simple Mortgage | 41.80% |
| Debt Free | 52.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14% |
