Florence township-Will County Illinois Area Home Supply Charts

This page looks at a variety of Florence township-Will County Illinois housing market data taken from the most recent 2019 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Florence township-Will County shows it has a housing units of 431 which is the second smallest when sorted by housing units of all the other places in the greater region.

Figure 2 illustrates the housing density in the Florence township-Will County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Florence township-Will County shows it has a housing density of 11.8 which is the smallest when ranked by housing density of all the other places in the metro area. The city with the highest housing density in the area is Symerton which depicts a density of 745.4 ( considerably bigger). Comparing housing density to the United States average of 38.6, Florence township-Will County is approximately a third the size. Also, measured against the state of Illinois, housing density of 96.2, Florence township-Will County is approximately an eigth the size.

In Figure 4, Florence township-Will County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Florence township-Will County depicts it has a change in the housing units of 16.5% which is the largest of all places in the greater Florence township-Will County region. Comparing change in the housing units to the United States average of 4.9%, Florence township-Will County is approximately 3.4 times bigger. Also, measured against the state of Illinois, change in the housing units of 1.0%, Florence township-Will County is markedly bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Florence township-Will County depicts it has a renter percent of 4.0% which is the smallest as measured by renter percent of all the other places in the metropolitan area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 96.0% which is the highest of all places in the greater Florence township-Will County region.

Florence township-Will County Illinois Home Cost Charts

Looking at the housing data provided in Figure 7, the average Florence township-Will County home price is illustrated for this community and a useful analysis of affordable housing. Florence township-Will County depicts it has a median home price of $208,300 which is the second most of all the places in the local area. The city with the highest median home price in the area is Manhattan which shows a home price of $225,200 (8.1% larger). Figure 8 provides aggregate comparative data for the Florence township-Will County Illinois metro area in terms of the median housing rental rate, apartment rent, etc. Florence township-Will County shows it has a rental rates of $1,625 which is the largest of all places in the greater Florence township-Will County region. Comparing rental rates to the United States average of $1,023, Florence township-Will County is 58.8% larger. Also, measured against the state of Illinois, rental rates of $984, Florence township-Will County is 65.1% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Florence township-Will County has the largest proportion of home price worth less than $50,000 at 8% of the total and is ranked #1. Second, it has the smallest proportion of home price worth between $50,000 to $100,000 at 0% of the total. Third, it has the second smallest in order of home price worth less than $50,000 of all the other places in the area when ranked by home price worth between $100,000 to $200,000 at 40% of the total. Also, it has the largest proportion of home price worth between $300,000 to $400,000 at 18% of the total and is ranked #1. In addition, it has the largest proportion of home price worth between $400,000 to $500,000 at 6% of the total and is ranked #1. Furthermore, it has the largest proportion of home price worth between $500,000 to $750,000 at 4% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Florence township-Will County indicates it has a median ownership cost of $1,230 which is the third most median ownership cost of all other places in the greater Florence township-Will County region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Florence township-Will County metro area. it has a cost as a percent of household income of 18% which is the second smallest when sorted by cost as a percent of household income of all the other places in the metro area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Florence township-Will County depicts it has a median home value as a percent of median worker earnings of 301% which is the second smallest when ranked by median home value as a percent of median worker earnings of all the other places in the greater region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Florence township-Will County shows it has a median housing cost of $1,605 which is the second most median housing cost of all the places in the greater Florence township-Will County region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a median housing cost of $585 which is the third most of all other places in the metropolitan area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Florence township-Will County has one of the largest proportions of owner cost between $300 and $500 at 15% of the total and is ranked #2. The only larger city being Symerton with 21%. Second, it has the second smallest when sorted by owner cost less than $300 of all the other places in the local area in terms of owner cost between $1,500 and $2,000 at 10% of the total. Third, it has the largest proportion of owner cost between $3,000 and $3,500 at 2% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Florence township-Will County shows it has a cost as a percent of household income of 22% which is in the middle range of other places in the greater region. The city with the highest cost as a percent of household income in the area is Symerton which indicates a cost as a percent of household income of 27% (23.6% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Florence township-Will County shows it has a cost as a percent of household income of 12% which is less than most other places in the local area. The city with the highest cost as a percent of household income in the area is Wilmington which shows a cost as a percent of household income of 14% (19.0% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Florence township-Will County has the largest proportion of rent as a percent of income is between 10pct to 20pct at 67% of the total and is ranked #1. Second, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 13% of the total and is ranked #3. Only #2 Elwood (30%), and #1 Symerton (40%) are larger. Third, it has the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the metro area in terms of rent as a percent of income is over 50pct at 20% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Florence township-Will County has the largest proportion of housing cost between $300 and $500 at 14% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a median real estate taxes paid of $4,362 which is the second most of all the places in the local area. The city with the highest median real estate taxes paid in the area is Manhattan which depicts a taxes paid of $6,439 (47.6% larger). Comparing median real estate taxes paid to the United States average of $2,375, Florence township-Will County is about twice as large. Also, measured against the state of Illinois, median real estate taxes paid of $4,299, Florence township-Will County is only slightly larger.

Figure 22 shows the percentage of renters who pay for utilities in Florence township-Will County Illinois. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Florence township-Will County has the largest proportion of pay extra for utilities at 100% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Florence township-Will County Illinois has the smallest proportion of rent between 750 and 1000 dollars at 13% of the total. Second, it has the largest proportion of rent between $1,500 and $2,500 at 67% of the total and is ranked #1.

Florence township-Will County Illinois Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Florence township-Will County has the percentage of with mortgage the second smallest in terms of with mortgage of all the other places in the local area at 62% of the total. Second, it has the largest proportion of with heloc at 10% of the total and is ranked #1. Third, it has the second smallest in terms of with mortgage of all the other places in the surrounding region when ranked by no 2nd mortgage and no heloc at 52% of the total. Also, it has one of the largest proportions of no mortgage at 38% of the total and is ranked #2. The only larger city being Wilmington with 44%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Florence township-Will County has the percentage of houses with mortgages the second smallest when sorted by houses with a mortgage of all the other places in the local area at 62% of the total. Second, it has one of the largest proportions of houses without mortgages at 38% of the total and is ranked #2. The only larger city being Wilmington with 44%.

Florence township-Will County Illinois Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 3.4 which is the third most of all other places in the metro area. The city with the highest family members per housing unit in the area is Symerton which shows a family members per housing unit of 3.7 (10.9% larger). Comparing family members per housing unit to the United States average of 3.3, Florence township-Will County is only slightly larger. Also, versus the state of Illinois, family members per housing unit of 3.3, Florence township-Will County is only slightly larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 6.9 which is more than all other places in the greater Florence township-Will County region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a year built of 1998 which is the second most of all the places in the area. The city with the highest year built in the area is Manhattan which shows a year built of 2000 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2010 to 2013 at 11% of the total and is ranked #1. Second, it has one of the largest proportions of homes built between 2000 to 2009 at 38% of the total and is ranked #2. The only larger city being Manhattan with 43%. Third, it has the second smallest as measured by homes built in 2014 or later of all the other places in the local area when ranked by homes built between 1990 to 1999 at 6% of the total. Also, it has the smallest proportion of homes built between 1960 to 1969 at 3% of the total. In addition, it has in the mid range of other places in the greater region in terms of homes built between 1940 to 1949 at 3% of the total. Furthermore, it has one of the largest proportions of homes built between 1939 or earlier at 11% of the total and is ranked #3. Only #2 Wilmington (17%), and #1 Symerton (41%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units the second smallest as measured by owner-occupied housing units of all the other places in the greater region at 361 of the total. Second, it has the second smallest in order of owner-occupied housing units of all the other places in the metro area as measured by renter housing units at 15 of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2010 to 2013 at $277,100 of the total and is ranked #1. Second, it has one of the largest proportions of value of homes built 2000 to 2009 at $192,100 of the total and is ranked #3. Only #2 Wilmington ($217,800), and #1 Manhattan ($239,800) are larger. Third, it has the largest proportion of value of homes built 1990 to 1999 at $360,000 of the total and is ranked #1. Also, it has the largest proportion of value of homes built 1980 to 1989 at $258,300 of the total and is ranked #1. In addition, it has the largest proportion of value of homes built 1970 to 1979 at $275,000 of the total and is ranked #1. Furthermore, it has the second smallest when ranked by value of homes built 2014 or later of all the other places in the greater region as measured by value of homes built 1939 or earlier at $115,400 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the percentage of occupied housing units the second smallest as measured by occupied housing units of all the other places in the area at 87% of the total. Second, it has one of the largest proportions of vacant housing units at 13% of the total and is ranked #2. The only larger city being Braidwood with 21%.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Florence township-Will County residents. it has a homeowner household size of 2.6 which is less than most other places in the local area. The city with the highest homeowner household size in the area is Symerton which shows a homeowner household size of 3.5 (34.2% larger).

Figure 37 shows the household size for renters. Florence township-Will County shows it has a renter household size of 5.5 which is the largest of all places in the greater Florence township-Will County region. Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2017 or later in the mid range of other places in the surrounding region at 3% of the total. Second, it has one of the largest proportions of owners moved in 2000 to 2009 at 42% of the total and is ranked #2. The only larger city being Manhattan with 48%. Figure 39 shows the year that people who rent moved into the area. Florence township-Will County has the smallest proportion of renters moved in 2010 to 2014 at 2% of the total. Second, it has the largest proportion of renters moved in 2000 to 2009 at 94% of the total and is ranked #1. Third, it has in the mid range of other places in the metro area as measured by renters moved in 1990 to 1999 at 4% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 2003 which is in the mid point range of other places in the local area. Figure 41 compares the median year that renters moved into their home. Florence township-Will County shows it has a median year that a renter moved in of 2005 which is the second smallest when sorted by median year that a renter moved in of all the other places in the metro area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of home using bottled, tank, or lp gas at 28% of the total and is ranked #2. The only larger city being Symerton with 68%. Second, it has the largest proportion of homes using some other fuel at 2% of the total and is ranked #1.