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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 Type2.70%
One Bedroom10.60%
Two Bedrooms34%
Three Bedrooms31.90%
Four Bedrooms18.50%
Five Bedrooms or more2.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1939
Median Value of occupied units$50,500
Median Price asked for vacant units$56,700

Rented Homes, Apartments and Condos

Average Household Size1.48
Median year structure was built1951
Median Monthly Rent asked for vacant units$317

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.40%
Home Equity Loan3.20%
Simple Mortgage33.80%
Debt Free57.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.8%