Lanai City, HI Real Estate
According to census data in the year 2000 there were 1,354 housing units in Lanai City.
This represents a 40% growth from 967 in 1990.
Of those housing units, 1,084 were located in either urbanized areas or urban clusters, and 270 were located in what is classified as a rural area.
Homeownership rate in Lanai City is about 49.4%.
Lanai City's vacancy rate, including seasonal lodging, is about 14.3%.
Average household size is 2.74 people.
The majority of houses, apartments or condos in Lanai City were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 12.90% |
| One Bedroom | 15.70% |
| Two Bedrooms | 35.10% |
| Three Bedrooms | 29.60% |
| Four Bedrooms | 6% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.99 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $141,100 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $381 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 11.90% |
| Simple Mortgage | 36.70% |
| Debt Free | 43.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
