Pontiac, IL Real Estate
According to census data in the year 2000 there were 4,381 housing units in Pontiac.
This represents a 11.4% growth from 3,932 in 1990.
Of those housing units, 4,246 were located in either urbanized areas or urban clusters, and 135 were located in what is classified as a rural area.
Homeownership rate in Pontiac is about 66.7%.
Pontiac's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Pontiac were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 14.40% |
| Two Bedrooms | 34.80% |
| Three Bedrooms | 39.40% |
| Four Bedrooms | 8.70% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $73,800 |
| Median Price asked for vacant units | $66,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $393 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 52.20% |
| Debt Free | 36.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
