Gloucester, MA Real Estate
According to census data in the year 2000 there were 13,958 housing units in Gloucester.
This represents a 6.3% growth from 13,125 in 1990.
Of those housing units, 13,004 were located in either urbanized areas or urban clusters, and 954 were located in what is classified as a rural area.
Homeownership rate in Gloucester is about 59.8%.
Gloucester's vacancy rate, including seasonal lodging, is about 9.8%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Gloucester were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 17.70% |
| Two Bedrooms | 29% |
| Three Bedrooms | 34.50% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 5.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $204,600 |
| Median Price asked for vacant units | $300,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $615 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 9.70% |
| Simple Mortgage | 52.60% |
| Debt Free | 31.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.3% |
