Rankin, IL Real Estate
According to census data in the year 2000 there were 283 housing units in Rankin.
This represents a 2.4% decline from 290 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 283 were located in what is classified as a rural area.
Homeownership rate in Rankin is about 81.9%.
Rankin's vacancy rate, including seasonal lodging, is about 14.1%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Rankin were built after 1944.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.90% |
| Two Bedrooms | 36% |
| Three Bedrooms | 35.70% |
| Four Bedrooms | 22.60% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $38,800 |
| Median Price asked for vacant units | $47,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $413 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.20% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 37.10% |
| Debt Free | 58.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.4% |
