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Homer, IL Real Estate


According to census data in the year 2000 there were 508 housing units in Homer. This represents a 1.6% decline from 516 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 508 were located in what is classified as a rural area.

Homeownership rate in Homer is about 83.9%. Homer's vacancy rate, including seasonal lodging, is about 4.5%. Average household size is 2.45 people.

The majority of houses, apartments or condos in Homer were built after 1952.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.90%
Two Bedrooms32.30%
Three Bedrooms47.40%
Four Bedrooms11.40%
Five Bedrooms or more4.90%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.45
Median year structure was built1949
Median Value of occupied units$63,700
Median Price asked for vacant units$60,000

Rented Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1965
Median Monthly Rent asked for vacant units$388

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.50%
Home Equity Loan4.20%
Simple Mortgage41.90%
Debt Free45.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.9%