Oak Grove, IL Real Estate
According to census data in the year 2000 there were 124 housing units in Oak Grove.
This represents a 56.8% decline from 287 in 1990.
Of those housing units, 119 were located in either urbanized areas or urban clusters, and 5 were located in what is classified as a rural area.
Homeownership rate in Oak Grove is about 45.4%.
Oak Grove's vacancy rate, including seasonal lodging, is about 4%.
Average household size is 1.85 people.
The majority of houses, apartments or condos in Oak Grove were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 10.50% |
| One Bedroom | 21% |
| Two Bedrooms | 49.20% |
| Three Bedrooms | 17.70% |
| Four Bedrooms | 1.60% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $100,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.69 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $242 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 40% |
| Debt Free | 43.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
