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 Type | 1.30% |
| One Bedroom | 5.30% |
| Two Bedrooms | 20.80% |
| Three Bedrooms | 45.70% |
| Four Bedrooms | 25.40% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1979 |
| Median Value of occupied units | $132,100 |
| Median Price asked for vacant units | $165,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $529 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 14.10% |
| Home Equity Loan | 5.40% |
| Simple Mortgage | 52% |
| Debt Free | 28% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
