Lake Elsinore, CA Real Estate
According to census data in the year 2000 there were 9,527 housing units in Lake Elsinore.
This represents a 36.5% growth from 6,981 in 1990.
Of those housing units, 9,066 were located in either urbanized areas or urban clusters, and 461 were located in what is classified as a rural area.
Homeownership rate in Lake Elsinore is about 65%.
Lake Elsinore's vacancy rate, including seasonal lodging, is about 7.4%.
Average household size is 3.31 people.
The majority of houses, apartments or condos in Lake Elsinore were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.40% |
| One Bedroom | 11.20% |
| Two Bedrooms | 25.50% |
| Three Bedrooms | 33.80% |
| Four Bedrooms | 19.40% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.27 |
| Median year structure was built | 1988 |
| Median Value of occupied units | $144,800 |
| Median Price asked for vacant units | $183,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.39 |
| Median year structure was built | 1981 |
| Median Monthly Rent asked for vacant units | $486 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 21.10% |
| Home Equity Loan | 4.40% |
| Simple Mortgage | 63.20% |
| Debt Free | 10.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 25.2% |
