Springfield, IL Real Estate
According to census data in the year 2000 there were 53,887 housing units in Springfield.
This represents a 11% growth from 48,534 in 1990.
Of those housing units, 53,792 were located in either urbanized areas or urban clusters, and 95 were located in what is classified as a rural area.
Homeownership rate in Springfield is about 62.8%.
Springfield's vacancy rate, including seasonal lodging, is about 9.7%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Springfield were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 15.30% |
| Two Bedrooms | 35.60% |
| Three Bedrooms | 34.80% |
| Four Bedrooms | 11.10% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $88,600 |
| Median Price asked for vacant units | $81,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $387 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8% |
| Home Equity Loan | 9.60% |
| Simple Mortgage | 53.40% |
| Debt Free | 28.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
