Newark, IL Real Estate
According to census data in the year 2000 there were 326 housing units in Newark.
This represents a 5.5% growth from 309 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 326 were located in what is classified as a rural area.
Homeownership rate in Newark is about 83.4%.
Newark's vacancy rate, including seasonal lodging, is about 4%.
Average household size is 2.91 people.
The majority of houses, apartments or condos in Newark were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2.50% |
| Two Bedrooms | 13.20% |
| Three Bedrooms | 55.80% |
| Four Bedrooms | 20.60% |
| Five Bedrooms or more | 8% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.02 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $131,000 |
| Median Price asked for vacant units | $133,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 14.70% |
| Simple Mortgage | 46.10% |
| Debt Free | 32.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
