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Belvidere, IL Real Estate


According to census data in the year 2000 there were 7,941 housing units in Belvidere. This represents a 23.8% growth from 6,414 in 1990.

Of those housing units, 7,536 were located in either urbanized areas or urban clusters, and 405 were located in what is classified as a rural area.

Homeownership rate in Belvidere is about 67.5%. Belvidere's vacancy rate, including seasonal lodging, is about 5.4%. Average household size is 2.72 people.

The majority of houses, apartments or condos in Belvidere were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type2.20%
One Bedroom14.30%
Two Bedrooms25.70%
Three Bedrooms41.30%
Four Bedrooms14.10%
Five Bedrooms or more2.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.87
Median year structure was built1963
Median Value of occupied units$99,600
Median Price asked for vacant units$98,100

Rented Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1963
Median Monthly Rent asked for vacant units$436

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage7.30%
Home Equity Loan12.20%
Simple Mortgage54%
Debt Free26.30%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19%