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Hoffman, IL Real Estate


According to census data in the year 2000 there were 191 housing units in Hoffman. This represents a 1.6% growth from 188 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 191 were located in what is classified as a rural area.

Homeownership rate in Hoffman is about 78.8%. Hoffman's vacancy rate, including seasonal lodging, is about 6.3%. Average household size is 2.46 people.

The majority of houses, apartments or condos in Hoffman were built after 1972.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.20%
Two Bedrooms35.10%
Three Bedrooms46.60%
Four Bedrooms12%
Five Bedrooms or more2.10%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.84
Median year structure was built1971
Median Value of occupied units$59,600
Median Price asked for vacant units$85,000

Rented Homes, Apartments and Condos

Average Household Size1.05
Median year structure was built1976
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.20%
Home Equity Loan4.30%
Simple Mortgage40%
Debt Free50.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.1%