Lorain, PA Real Estate
According to census data in the year 2000 there were 382 housing units in Lorain.
This represents a 5.2% growth from 363 in 1990.
Of those housing units, 382 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lorain is about 76.3%.
Lorain's vacancy rate, including seasonal lodging, is about 8.4%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Lorain were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 5% |
| Two Bedrooms | 36.40% |
| Three Bedrooms | 50.50% |
| Four Bedrooms | 6.30% |
| Five Bedrooms or more | 0.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $40,400 |
| Median Price asked for vacant units | $48,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.88 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $300 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 6.60% |
| Simple Mortgage | 28.70% |
| Debt Free | 58.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
