New Pekin, IN Real Estate
According to census data in the year 2000 there were 580 housing units in New Pekin.
This represents a 26.6% growth from 458 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 580 were located in what is classified as a rural area.
Homeownership rate in New Pekin is about 66%.
New Pekin's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in New Pekin were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 7.90% |
| Two Bedrooms | 34.70% |
| Three Bedrooms | 46% |
| Four Bedrooms | 9.50% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $66,300 |
| Median Price asked for vacant units | $42,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.19 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $333 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 2% |
| Simple Mortgage | 59.80% |
| Debt Free | 31.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
