New Chicago, IN Real Estate
According to census data in the year 2000 there were 891 housing units in New Chicago.
This represents a 11.4% growth from 800 in 1990.
Of those housing units, 891 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in New Chicago is about 79.1%.
New Chicago's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.56 people.
The majority of houses, apartments or condos in New Chicago were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 7.50% |
| Two Bedrooms | 47% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 2.90% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $69,600 |
| Median Price asked for vacant units | $58,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.27 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $410 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 53.10% |
| Debt Free | 33.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
