Iola, IL Real Estate

According to census data in the year 2000 there were 66 housing units in Iola. This represents a 8.2% growth from 61 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 66 were located in what is classified as a rural area.

Homeownership rate in Iola is about 80.3%. Iola's vacancy rate, including seasonal lodging, is about 7.6%. Average household size is 2.92 people.

The majority of houses, apartments or condos in Iola were built after 1943.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom13.60%
Two Bedrooms34.80%
Three Bedrooms27.30%
Four Bedrooms19.70%
Five Bedrooms or more4.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.41
Median year structure was built1939
Median Value of occupied units$31,900

Rented Homes, Apartments and Condos

Average Household Size0.92
Median year structure was built1974
Median Monthly Rent asked for vacant units$225

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan0%
Simple Mortgage44.20%
Debt Free55.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.4%