Home

Elmwood, IL Real Estate


According to census data in the year 2000 there were 808 housing units in Elmwood. This represents a 7.6% growth from 751 in 1990.

Of those housing units, 785 were located in either urbanized areas or urban clusters, and 23 were located in what is classified as a rural area.

Homeownership rate in Elmwood is about 82.4%. Elmwood's vacancy rate, including seasonal lodging, is about 4.8%. Average household size is 2.51 people.

The majority of houses, apartments or condos in Elmwood were built after 1950.

Statistics

Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom5.70%
Two Bedrooms26.70%
Three Bedrooms48.40%
Four Bedrooms16.30%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.6
Median year structure was built1947
Median Value of occupied units$76,700
Median Price asked for vacant units$63,800

Rented Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1956

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan7.50%
Simple Mortgage42.20%
Debt Free45.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.5%