Lake Montezuma, AZ Real Estate
According to census data in the year 2000 there were 1,613 housing units in Lake Montezuma.
This represents a 45.4% growth from 1,109 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,613 were located in what is classified as a rural area.
Homeownership rate in Lake Montezuma is about 75.6%.
Lake Montezuma's vacancy rate, including seasonal lodging, is about 12.5%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Lake Montezuma were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 8.40% |
| Two Bedrooms | 49.20% |
| Three Bedrooms | 35.90% |
| Four Bedrooms | 4.80% |
| Five Bedrooms or more | 0.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $105,700 |
| Median Price asked for vacant units | $96,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.31 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $655 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 8.10% |
| Simple Mortgage | 52.20% |
| Debt Free | 32.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.6% |
