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South Pekin, IL Real Estate


According to census data in the year 2000 there were 442 housing units in South Pekin. This represents a 2.6% growth from 431 in 1990.

Of those housing units, 437 were located in either urbanized areas or urban clusters, and 5 were located in what is classified as a rural area.

Homeownership rate in South Pekin is about 82.1%. South Pekin's vacancy rate, including seasonal lodging, is about 5%. Average household size is 2.8 people.

The majority of houses, apartments or condos in South Pekin were built after 1955.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom8.60%
Two Bedrooms31.70%
Three Bedrooms38.90%
Four Bedrooms17.20%
Five Bedrooms or more3.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.77
Median year structure was built1953
Median Value of occupied units$59,800
Median Price asked for vacant units$37,500

Rented Homes, Apartments and Condos

Average Household Size2.93
Median year structure was built1960
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage2.70%
Home Equity Loan8%
Simple Mortgage54%
Debt Free34.80%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs15.5%