Palmer, IL Real Estate
According to census data in the year 2000 there were 97 housing units in Palmer.
This represents a 5.8% decline from 103 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 97 were located in what is classified as a rural area.
Homeownership rate in Palmer is about 89.7%.
Palmer's vacancy rate, including seasonal lodging, is about 10.3%.
Average household size is 2.79 people.
The majority of houses, apartments or condos in Palmer were built after 1946.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.30% |
| Two Bedrooms | 26.80% |
| Three Bedrooms | 49.50% |
| Four Bedrooms | 14.40% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.94 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $49,400 |
| Median Price asked for vacant units | $27,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.56 |
| Median year structure was built | 1944 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 38.60% |
| Debt Free | 57.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
