Savoy, IL Real Estate
According to census data in the year 2000 there were 2,088 housing units in Savoy.
This represents a 81.6% growth from 1,150 in 1990.
Of those housing units, 2,088 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Savoy is about 43.9%.
Savoy's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.1 people.
The majority of houses, apartments or condos in Savoy were built after 1988.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 17.10% |
| Two Bedrooms | 39.50% |
| Three Bedrooms | 25.60% |
| Four Bedrooms | 15.30% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1992 |
| Median Value of occupied units | $147,100 |
| Median Price asked for vacant units | $152,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1985 |
| Median Monthly Rent asked for vacant units | $600 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.50% |
| Home Equity Loan | 8.10% |
| Simple Mortgage | 59.80% |
| Debt Free | 23.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.5% |
