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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 Type1.40%
One Bedroom7.80%
Two Bedrooms25.70%
Three Bedrooms34.40%
Four Bedrooms27%
Five Bedrooms or more3.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.86
Median year structure was built1981
Median Value of occupied units$121,400
Median Price asked for vacant units$128,700

Rented Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1984
Median Monthly Rent asked for vacant units$452

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage8.10%
Home Equity Loan6.90%
Simple Mortgage66.40%
Debt Free18.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.1%