South Beloit, IL Real Estate
According to census data in the year 2000 there were 2,282 housing units in South Beloit.
This represents a 27.6% growth from 1,789 in 1990.
Of those housing units, 2,137 were located in either urbanized areas or urban clusters, and 145 were located in what is classified as a rural area.
Homeownership rate in South Beloit is about 66.9%.
South Beloit's vacancy rate, including seasonal lodging, is about 6.9%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in South Beloit were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 10.30% |
| Two Bedrooms | 35.20% |
| Three Bedrooms | 43.60% |
| Four Bedrooms | 8.20% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $86,200 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $521 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.40% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 56.70% |
| Debt Free | 28.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
