Normal, IL Real Estate
According to census data in the year 2000 there were 15,636 housing units in Normal.
This represents a 27.1% growth from 12,300 in 1990.
Of those housing units, 15,636 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Normal is about 54.9%.
Normal's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Normal were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 10% |
| Two Bedrooms | 29.70% |
| Three Bedrooms | 33.20% |
| Four Bedrooms | 22% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $120,400 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $519 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 59.90% |
| Debt Free | 24.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
