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Palestine, IL Real Estate


According to census data in the year 2000 there were 714 housing units in Palestine. This represents a 1.9% decline from 728 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 714 were located in what is classified as a rural area.

Homeownership rate in Palestine is about 77.4%. Palestine's vacancy rate, including seasonal lodging, is about 13.3%. Average household size is 2.21 people.

The majority of houses, apartments or condos in Palestine were built after 1946.

Statistics

Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom12.70%
Two Bedrooms44.40%
Three Bedrooms33.20%
Four Bedrooms8%
Five Bedrooms or more1.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.25
Median year structure was built1944
Median Value of occupied units$43,300
Median Price asked for vacant units$47,500

Rented Homes, Apartments and Condos

Average Household Size2.06
Median year structure was built1957
Median Monthly Rent asked for vacant units$256

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage5.30%
Home Equity Loan4.80%
Simple Mortgage41.50%
Debt Free48%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs14.7%