London, AR Real Estate
According to census data in the year 2000 there were 414 housing units in London.
This represents a 19% growth from 348 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 414 were located in what is classified as a rural area.
Homeownership rate in London is about 78.8%.
London's vacancy rate, including seasonal lodging, is about 14.5%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in London were built after 1978.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 3.10% |
| Two Bedrooms | 30.70% |
| Three Bedrooms | 54.80% |
| Four Bedrooms | 6.50% |
| Five Bedrooms or more | 4.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1979 |
| Median Value of occupied units | $55,200 |
| Median Price asked for vacant units | $40,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $373 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 0% |
| Simple Mortgage | 56.80% |
| Debt Free | 37.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
