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Shipman, IL Real Estate


According to census data in the year 2000 there were 274 housing units in Shipman. This represents a 10.9% growth from 247 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 274 were located in what is classified as a rural area.

Homeownership rate in Shipman is about 80.7%. Shipman's vacancy rate, including seasonal lodging, is about 9.1%. Average household size is 2.69 people.

The majority of houses, apartments or condos in Shipman were built after 1967.

Statistics

Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom9.90%
Two Bedrooms31.40%
Three Bedrooms44.50%
Four Bedrooms12%
Five Bedrooms or more1.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.8
Median year structure was built1968
Median Value of occupied units$55,000
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size2.21
Median year structure was built1964
Median Monthly Rent asked for vacant units$300

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.80%
Home Equity Loan4.90%
Simple Mortgage34.60%
Debt Free53.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs12.9%