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New Baden, IL Real Estate


According to census data in the year 2000 there were 1,180 housing units in New Baden. This represents a 21.1% growth from 974 in 1990.

Of those housing units, 1,171 were located in either urbanized areas or urban clusters, and 9 were located in what is classified as a rural area.

Homeownership rate in New Baden is about 75%. New Baden's vacancy rate, including seasonal lodging, is about 4.1%. Average household size is 2.63 people.

The majority of houses, apartments or condos in New Baden were built after 1969.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.80%
Two Bedrooms25.70%
Three Bedrooms50.80%
Four Bedrooms15.30%
Five Bedrooms or more0.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.98
Median year structure was built1968
Median Value of occupied units$83,700
Median Price asked for vacant units$85,000

Rented Homes, Apartments and Condos

Average Household Size1.57
Median year structure was built1973
Median Monthly Rent asked for vacant units$400

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.90%
Home Equity Loan8.90%
Simple Mortgage51.80%
Debt Free31.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18%