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Lake Lorraine, FL Real Estate


According to census data in the year 2000 there were 3,138 housing units in Lake Lorraine. This represents a 13.4% growth from 2,768 in 1990.

Of those housing units, 3,138 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lake Lorraine is about 65.4%. Lake Lorraine's vacancy rate, including seasonal lodging, is about 6.3%. Average household size is 2.42 people.

The majority of houses, apartments or condos in Lake Lorraine were built after 1979.

Statistics

Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom5.30%
Two Bedrooms20.80%
Three Bedrooms45.70%
Four Bedrooms25.40%
Five Bedrooms or more1.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1979
Median Value of occupied units$132,100
Median Price asked for vacant units$165,600

Rented Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1978
Median Monthly Rent asked for vacant units$529

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage14.10%
Home Equity Loan5.40%
Simple Mortgage52%
Debt Free28%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.5%