Cedar Lake, IN Real Estate
According to census data in the year 2000 there were 3,650 housing units in Cedar Lake.
This represents a 9.2% growth from 3,344 in 1990.
Of those housing units, 3,544 were located in either urbanized areas or urban clusters, and 106 were located in what is classified as a rural area.
Homeownership rate in Cedar Lake is about 74.4%.
Cedar Lake's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.72 people.
The majority of houses, apartments or condos in Cedar Lake were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 8.60% |
| Two Bedrooms | 35.40% |
| Three Bedrooms | 43.40% |
| Four Bedrooms | 9.80% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.89 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $97,200 |
| Median Price asked for vacant units | $89,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $396 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 7.30% |
| Simple Mortgage | 59.40% |
| Debt Free | 25.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
