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Waterman, IL Real Estate


According to census data in the year 2000 there were 470 housing units in Waterman. This represents a 12.7% growth from 417 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 470 were located in what is classified as a rural area.

Homeownership rate in Waterman is about 76.9%. Waterman's vacancy rate, including seasonal lodging, is about 3.4%. Average household size is 2.69 people.

The majority of houses, apartments or condos in Waterman were built after 1954.

Statistics

Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom10.60%
Two Bedrooms21.90%
Three Bedrooms46.60%
Four Bedrooms16.80%
Five Bedrooms or more3%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.93
Median year structure was built1954
Median Value of occupied units$128,600
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size1.88
Median year structure was built1956
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.10%
Home Equity Loan9.90%
Simple Mortgage50.50%
Debt Free34.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs20.5%