Paxton, IL Real Estate
According to census data in the year 2000 there were 1,876 housing units in Paxton.
This represents a 2.7% growth from 1,826 in 1990.
Of those housing units, 1,876 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Paxton is about 78%.
Paxton's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Paxton were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 8% |
| Two Bedrooms | 26.90% |
| Three Bedrooms | 45.60% |
| Four Bedrooms | 16.30% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $69,000 |
| Median Price asked for vacant units | $54,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.74 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $294 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 3.70% |
| Simple Mortgage | 51.40% |
| Debt Free | 35.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
