Peoria, IL Real Estate
According to census data in the year 2000 there were 49,042 housing units in Peoria.
This represents a 1.6% growth from 48,260 in 1990.
Of those housing units, 48,996 were located in either urbanized areas or urban clusters, and 46 were located in what is classified as a rural area.
Homeownership rate in Peoria is about 59.9%.
Peoria's vacancy rate, including seasonal lodging, is about 8%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Peoria were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 15.90% |
| Two Bedrooms | 32.80% |
| Three Bedrooms | 33.30% |
| Four Bedrooms | 13.80% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $85,400 |
| Median Price asked for vacant units | $50,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $419 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 10% |
| Simple Mortgage | 49.30% |
| Debt Free | 34.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
