Rapids City, IL Real Estate
According to census data in the year 2000 there were 361 housing units in Rapids City.
This represents a 4% growth from 347 in 1990.
Of those housing units, 309 were located in either urbanized areas or urban clusters, and 52 were located in what is classified as a rural area.
Homeownership rate in Rapids City is about 90.7%.
Rapids City's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Rapids City were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.70% |
| Two Bedrooms | 21.60% |
| Three Bedrooms | 51.50% |
| Four Bedrooms | 14.10% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $88,500 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1946 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 9.60% |
| Home Equity Loan | 7% |
| Simple Mortgage | 52.80% |
| Debt Free | 30.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
