O'Fallon, IL Real Estate
According to census data in the year 2000 there were 8,604 housing units in O'Fallon.
This represents a 36% growth from 6,326 in 1990.
Of those housing units, 8,597 were located in either urbanized areas or urban clusters, and 7 were located in what is classified as a rural area.
Homeownership rate in O'Fallon is about 68.6%.
O'Fallon's vacancy rate, including seasonal lodging, is about 3.9%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in O'Fallon were built after 1983.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 7.80% |
| Two Bedrooms | 25.70% |
| Three Bedrooms | 34.40% |
| Four Bedrooms | 27% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $121,400 |
| Median Price asked for vacant units | $128,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1984 |
| Median Monthly Rent asked for vacant units | $452 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 66.40% |
| Debt Free | 18.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
