Urbana, IL Real Estate
According to census data in the year 2000 there were 15,243 housing units in Urbana.
This represents a 8.8% growth from 14,006 in 1990.
Of those housing units, 15,232 were located in either urbanized areas or urban clusters, and 11 were located in what is classified as a rural area.
Homeownership rate in Urbana is about 36.8%.
Urbana's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in Urbana were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.40% |
| One Bedroom | 23.30% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 26.30% |
| Four Bedrooms | 10.80% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $89,300 |
| Median Price asked for vacant units | $103,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $472 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 6.60% |
| Simple Mortgage | 54.70% |
| Debt Free | 33.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
