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Aroma Park, Illinois Mortgage and Housing Information
Population: 821
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Cost of Single-Family Houses
| Median price asked in year 2000 | $85,000 |
|---|
Value of Houses and Condos
| U.S. | Illinois | Aroma Park | |
|---|---|---|---|
| Median home value in year 2000 | $111,800 | $127,800 | $83,800 |
Monthly Owner Costs
| U.S. | Illinois | Aroma Park | |
|---|---|---|---|
| With a mortgage | $1,088 | $1,198 | $882 |
| Without a mortgage | $295 | $353 | $285 |
Ownership of Single-family Houses
| Mortgage Type | Number of Single-family Houses | Percent of total |
|---|---|---|
| Without a mortgage | 84 | 39.1% |
| First Mortgage Only | 109 | 50.7% |
| Second Mortgage and/or Home Equity Loan | 22 | 10.2% |
| Total | 215 | 100% |
Tenancy in Aroma Park
| Owner-occupied homes | 236 |
|---|---|
| Renter-occupied homes | 72 |
| Homes for sale | 3 |
| Homes for rent | 1 |
| Total | 314 |
Age of Aroma Park Residents
| Males | 38 |
|---|---|
| Females | 40 |
Income
| U.S. | Illinois | Aroma Park | |
|---|---|---|---|
| Median Earnings | $23,755 | $25,890 | $22,813 |
| Median Earnings, Males | $29,458 | $32,016 | $30,847 |
| Median Earnings, Females | $18,957 | $20,364 | $17,109 |
Males earn $13,738 (80.3%) more than Females in Aroma Park.
Commuting in Aroma Park
| Means of Transport | Number of People |
|---|---|
| Car, solo | 293 |
| Carpooled | 49 |
| Public Transit | 4 |
| Bicycle | 0 |
| Walking | 4 |
| Other Means | 2 |
| Total, Commuted | 352 |
| Worked from home | 17 |
| Total | 369 |
Time Spent Commuting in Aroma Park
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 11 |
| 5-9 | 46 |
| 10-14 | 48 |
| 15-19 | 87 |
| 20-24 | 70 |
| 25-29 | 10 |
| 30-34 | 19 |
| 35-39 | 7 |
| 40-44 | 16 |
| 45-59 | 18 |
| 60-89 | 6 |
| Over 90 | 14 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 44 | 16.8% | 96 | 36.6% |
| Associate Degree | 16 | 6.1% | 17 | 6.5% |
| Bachelor's Degree | 10 | 3.8% | 15 | 5.7% |
| Master's Degree | 14 | 5.3% | 8 | 3.1% |
| Professional Degree | 2 | 0.8% | 4 | 1.5% |
| Doctorate Degree | 3 | 1.1% | 0 | 0.0% |
| Total (at least some college) | 89 | 34.0% | 140 | 47.6% |
| Total over 25 | 262 | 100% | 294 | 100% |
Comments on Aroma Park
Latest comment on Aroma Park
August 4th, 2008
The County of Kankakee(in which Aroma Park and Aroma Township are in) has the highest foreclosures and rate of in all IL counties-there are many homes in various stages of foreclosure(local, national lenders profitting highly after having all ready gotten their high yeild spreads from these mortgages. NOTHING is selling(closed sale) in Aroma Township. The best bargain is a $100,000 By Owner house in Gerchgall Subdivision-$25,000 under any remotely comparable in the Township(the 60901m 60910, 60964 zip codes that overlap being a part of Aroma Township.People like the $100,000 house can’t give away homes! The County has always had employment problems, the incomes are low, nobody moves into Kankakee County.So the buyer pool is overwhelmingly local. There is a huge number of welfare recipients in that County and no significant new job generation(employers still move up and out, just low paying commercial, unskilled jobs-many temporary). Taxes are high, comparatively and went up for 2007 reflecting ‘needed’ self-raise for part-times and full-timers who voted in their own “Pension” such as County Board.
It is an area of blight, primarily old houses and older declined neighborhoods filled with tenants. Lenders and Realtors ruined it shoving naive, not so well educated buyers into subprime mortgages. The damage was done. The real estate market will take over a decade to correct in that ignored BTW area.
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August 4th, 2008
The County of Kankakee(in which Aroma Park and Aroma Township are in) has the highest foreclosures and rate of in all IL counties-there are many homes in various stages of foreclosure(local, national lenders profitting highly after having all ready gotten their high yeild spreads from these mortgages. NOTHING is selling(closed sale) in Aroma Township. The best bargain is a $100,000 By Owner house in Gerchgall Subdivision-$25,000 under any remotely comparable in the Township(the 60901m 60910, 60964 zip codes that overlap being a part of Aroma Township.People like the $100,000 house can’t give away homes! The County has always had employment problems, the incomes are low, nobody moves into Kankakee County.So the buyer pool is overwhelmingly local. There is a huge number of welfare recipients in that County and no significant new job generation(employers still move up and out, just low paying commercial, unskilled jobs-many temporary). Taxes are high, comparatively and went up for 2007 reflecting ‘needed’ self-raise for part-times and full-timers who voted in their own “Pension” such as County Board.
It is an area of blight, primarily old houses and older declined neighborhoods filled with tenants. Lenders and Realtors ruined it shoving naive, not so well educated buyers into subprime mortgages. The damage was done. The real estate market will take over a decade to correct in that ignored BTW area.
– Unregistered User