Wilmington, IL Real Estate
According to census data in the year 2000 there were 2,160 housing units in Wilmington.
This represents a 15.2% growth from 1,875 in 1990.
Of those housing units, 2,105 were located in either urbanized areas or urban clusters, and 55 were located in what is classified as a rural area.
Homeownership rate in Wilmington is about 70.8%.
Wilmington's vacancy rate, including seasonal lodging, is about 7%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Wilmington were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 10.60% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 49.40% |
| Four Bedrooms | 8.80% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $107,000 |
| Median Price asked for vacant units | $131,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $395 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 10.40% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 49.30% |
| Debt Free | 32.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
