Home

Richmond, IL Real Estate


According to census data in the year 2000 there were 439 housing units in Richmond. This represents a 5.5% growth from 416 in 1990.

Of those housing units, 405 were located in either urbanized areas or urban clusters, and 34 were located in what is classified as a rural area.

Homeownership rate in Richmond is about 72.3%. Richmond's vacancy rate, including seasonal lodging, is about 7.7%. Average household size is 2.72 people.

The majority of houses, apartments or condos in Richmond were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type1.60%
One Bedroom11.60%
Two Bedrooms24.10%
Three Bedrooms31.70%
Four Bedrooms24.60%
Five Bedrooms or more6.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.02
Median year structure was built1954
Median Value of occupied units$140,100
Median Price asked for vacant units$275,000

Rented Homes, Apartments and Condos

Average Household Size1.95
Median year structure was built1939
Median Monthly Rent asked for vacant units$525

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.90%
Home Equity Loan13.60%
Simple Mortgage55.40%
Debt Free27.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs21%