Lake Mills, IA Real Estate
According to census data in the year 2000 there were 1,019 housing units in Lake Mills.
This represents a 8.3% growth from 941 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,019 were located in what is classified as a rural area.
Homeownership rate in Lake Mills is about 68.6%.
Lake Mills's vacancy rate, including seasonal lodging, is about 5.3%.
Average household size is 2.16 people.
The majority of houses, apartments or condos in Lake Mills were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 11.70% |
| Two Bedrooms | 33% |
| Three Bedrooms | 38.50% |
| Four Bedrooms | 14.40% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $73,900 |
| Median Price asked for vacant units | $22,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.78 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $705 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 11.40% |
| Home Equity Loan | 4.20% |
| Simple Mortgage | 37.90% |
| Debt Free | 45.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13% |
