Richmond, IL Real Estate
According to census data in the year 2000 there were 439 housing units in Richmond.
This represents a 5.5% growth from 416 in 1990.
Of those housing units, 405 were located in either urbanized areas or urban clusters, and 34 were located in what is classified as a rural area.
Homeownership rate in Richmond is about 72.3%.
Richmond's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.72 people.
The majority of houses, apartments or condos in Richmond were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 11.60% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 31.70% |
| Four Bedrooms | 24.60% |
| Five Bedrooms or more | 6.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.02 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $140,100 |
| Median Price asked for vacant units | $275,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.90% |
| Home Equity Loan | 13.60% |
| Simple Mortgage | 55.40% |
| Debt Free | 27.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
