Rantoul, IL Real Estate
According to census data in the year 2000 there were 6,165 housing units in Rantoul.
This represents a 1.7% growth from 6,059 in 1990.
Of those housing units, 6,110 were located in either urbanized areas or urban clusters, and 55 were located in what is classified as a rural area.
Homeownership rate in Rantoul is about 50.7%.
Rantoul's vacancy rate, including seasonal lodging, is about 13.5%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in Rantoul were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 12.10% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 44.70% |
| Four Bedrooms | 10.60% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $74,200 |
| Median Price asked for vacant units | $65,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.19 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $391 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10% |
| Home Equity Loan | 5% |
| Simple Mortgage | 51.30% |
| Debt Free | 33.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
