Payson, IL Real Estate
According to census data in the year 2000 there were 410 housing units in Payson.
This represents a 3% growth from 398 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 410 were located in what is classified as a rural area.
Homeownership rate in Payson is about 83.3%.
Payson's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 2.69 people.
The majority of houses, apartments or condos in Payson were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 8.50% |
| Two Bedrooms | 22.70% |
| Three Bedrooms | 51% |
| Four Bedrooms | 15.40% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $58,800 |
| Median Price asked for vacant units | $52,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $163 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10.40% |
| Home Equity Loan | 1.50% |
| Simple Mortgage | 58.80% |
| Debt Free | 29.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
