Springfield, IL Real Estate
According to census data in the year 2000 there were 53,887 housing units in Springfield.
This represents a 11% growth from 48,534 in 1990.
Of those housing units, 53,792 were located in either urbanized areas or urban clusters, and 95 were located in what is classified as a rural area.
Homeownership rate in Springfield is about 62.8%.
Springfield's vacancy rate, including seasonal lodging, is about 9.7%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Springfield were built after 1968.
|Housing Units by Size|
|Five Bedrooms or more||2.10%|
Owned Homes, Apartments and Condos
|Average Household Size||2.44|
|Median year structure was built||1967|
|Median Value of occupied units||$88,600|
|Median Price asked for vacant units||$81,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.93|
|Median year structure was built||1970|
|Median Monthly Rent asked for vacant units||$387|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||9.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.3%|