Lake City, IA Real Estate
According to census data in the year 2000 there were 879 housing units in Lake City.
This represents a 3.2% growth from 852 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 879 were located in what is classified as a rural area.
Homeownership rate in Lake City is about 76.4%.
Lake City's vacancy rate, including seasonal lodging, is about 11.6%.
Average household size is 2.19 people.
The majority of houses, apartments or condos in Lake City were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 10.60% |
| Two Bedrooms | 34% |
| Three Bedrooms | 31.90% |
| Four Bedrooms | 18.50% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $50,500 |
| Median Price asked for vacant units | $56,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.48 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $317 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 3.20% |
| Simple Mortgage | 33.80% |
| Debt Free | 57.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.8% |
