La Palma, CA Real Estate
According to census data in the year 2000 there were 5,071 housing units in La Palma.
This represents a 2.8% growth from 4,935 in 1990.
Of those housing units, 5,071 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in La Palma is about 74.3%.
La Palma's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 3.04 people.
The majority of houses, apartments or condos in La Palma were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 9.90% |
| Two Bedrooms | 16% |
| Three Bedrooms | 25.80% |
| Four Bedrooms | 36.90% |
| Five Bedrooms or more | 8.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.07 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $286,900 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.94 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $977 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 11.60% |
| Home Equity Loan | 9.90% |
| Simple Mortgage | 59.10% |
| Debt Free | 18.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
