Lonoke, AR Real Estate
According to census data in the year 2000 there were 1,703 housing units in Lonoke.
This represents a 5.4% growth from 1,616 in 1990.
Of those housing units, 1,624 were located in either urbanized areas or urban clusters, and 79 were located in what is classified as a rural area.
Homeownership rate in Lonoke is about 64.9%.
Lonoke's vacancy rate, including seasonal lodging, is about 7%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Lonoke were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 8.90% |
| Two Bedrooms | 26.40% |
| Three Bedrooms | 49.40% |
| Four Bedrooms | 11% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $63,000 |
| Median Price asked for vacant units | $24,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.20% |
| Home Equity Loan | 4.90% |
| Simple Mortgage | 49.90% |
| Debt Free | 41% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
