Palestine, IL Real Estate
According to census data in the year 2000 there were 714 housing units in Palestine.
This represents a 1.9% decline from 728 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 714 were located in what is classified as a rural area.
Homeownership rate in Palestine is about 77.4%.
Palestine's vacancy rate, including seasonal lodging, is about 13.3%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Palestine were built after 1946.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 12.70% |
| Two Bedrooms | 44.40% |
| Three Bedrooms | 33.20% |
| Four Bedrooms | 8% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1944 |
| Median Value of occupied units | $43,300 |
| Median Price asked for vacant units | $47,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $256 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 4.80% |
| Simple Mortgage | 41.50% |
| Debt Free | 48% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
