Lake City, AR Real Estate
According to census data in the year 2000 there were 777 housing units in Lake City.
This represents a 4.4% growth from 744 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 777 were located in what is classified as a rural area.
Homeownership rate in Lake City is about 66.6%.
Lake City's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Lake City were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 6.90% |
| Two Bedrooms | 28.70% |
| Three Bedrooms | 57.90% |
| Four Bedrooms | 5% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $48,100 |
| Median Price asked for vacant units | $70,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $360 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 1.80% |
| Simple Mortgage | 54.60% |
| Debt Free | 37.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
