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Payson, IL Real Estate


According to census data in the year 2000 there were 410 housing units in Payson. This represents a 3% growth from 398 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 410 were located in what is classified as a rural area.

Homeownership rate in Payson is about 83.3%. Payson's vacancy rate, including seasonal lodging, is about 4.9%. Average household size is 2.69 people.

The majority of houses, apartments or condos in Payson were built after 1972.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom8.50%
Two Bedrooms22.70%
Three Bedrooms51%
Four Bedrooms15.40%
Five Bedrooms or more2.40%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.8
Median year structure was built1972
Median Value of occupied units$58,800
Median Price asked for vacant units$52,500

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1971
Median Monthly Rent asked for vacant units$163

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage10.40%
Home Equity Loan1.50%
Simple Mortgage58.80%
Debt Free29.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.6%