Home

Spring Bay, IL Real Estate


According to census data in the year 2000 there were 200 housing units in Spring Bay. This represents a 14.3% growth from 175 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 200 were located in what is classified as a rural area.

Homeownership rate in Spring Bay is about 85.2%. Spring Bay's vacancy rate, including seasonal lodging, is about 9%. Average household size is 2.52 people.

The majority of houses, apartments or condos in Spring Bay were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom5%
Two Bedrooms36%
Three Bedrooms53%
Four Bedrooms5%
Five Bedrooms or more1%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1968
Median Value of occupied units$75,900
Median Price asked for vacant units$80,800

Rented Homes, Apartments and Condos

Average Household Size1.89
Median year structure was built1971
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan7.60%
Simple Mortgage41.20%
Debt Free51.10%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs14.7%