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Cortland, IL Real Estate


According to census data in the year 2000 there were 732 housing units in Cortland. This represents a 100% growth from 366 in 1990.

Of those housing units, 715 were located in either urbanized areas or urban clusters, and 17 were located in what is classified as a rural area.

Homeownership rate in Cortland is about 72.3%. Cortland's vacancy rate, including seasonal lodging, is about 4.4%. Average household size is 2.92 people.

The majority of houses, apartments or condos in Cortland were built after 1991.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom1.80%
Two Bedrooms20.80%
Three Bedrooms57.20%
Four Bedrooms18.40%
Five Bedrooms or more1.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.06
Median year structure was built1990
Median Value of occupied units$134,400
Median Price asked for vacant units$150,000

Rented Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1996
Median Monthly Rent asked for vacant units$675

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.80%
Home Equity Loan12.30%
Simple Mortgage63.20%
Debt Free15.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs21.6%