Elma, IA Real Estate
According to census data in the year 2000 there were 269 housing units in Elma.
This represents a 0.4% decline from 270 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 269 were located in what is classified as a rural area.
Homeownership rate in Elma is about 75.7%.
Elma's vacancy rate, including seasonal lodging, is about 8.2%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Elma were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 8.90% |
| Two Bedrooms | 26.80% |
| Three Bedrooms | 39.40% |
| Four Bedrooms | 21.90% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $34,400 |
| Median Price asked for vacant units | $27,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $229 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 2.40% |
| Simple Mortgage | 22.30% |
| Debt Free | 70.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.3% |
