Polo, IL Real Estate
According to census data in the year 2000 there were 1,082 housing units in Polo.
This represents a 2.1% growth from 1,060 in 1990.
Of those housing units, 1,082 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Polo is about 74.1%.
Polo's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Polo were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 8.90% |
| Two Bedrooms | 26.10% |
| Three Bedrooms | 47.10% |
| Four Bedrooms | 15.40% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $79,300 |
| Median Price asked for vacant units | $66,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1948 |
| Median Monthly Rent asked for vacant units | $335 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 45.60% |
| Debt Free | 44.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.2% |
