Albion, IL Real Estate
According to census data in the year 2000 there were 960 housing units in Albion.
This represents a 3.1% decline from 991 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 960 were located in what is classified as a rural area.
Homeownership rate in Albion is about 74.5%.
Albion's vacancy rate, including seasonal lodging, is about 9.6%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Albion were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 8.10% |
| Two Bedrooms | 38.80% |
| Three Bedrooms | 42.10% |
| Four Bedrooms | 9.40% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $46,000 |
| Median Price asked for vacant units | $37,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $252 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.70% |
| Home Equity Loan | 2.30% |
| Simple Mortgage | 38.70% |
| Debt Free | 54.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
