Farmland, IN Real Estate
According to census data in the year 2000 there were 604 housing units in Farmland.
This represents a 0.7% decline from 608 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 604 were located in what is classified as a rural area.
Homeownership rate in Farmland is about 77.5%.
Farmland's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Farmland were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 7% |
| Two Bedrooms | 28.60% |
| Three Bedrooms | 50.20% |
| Four Bedrooms | 12.70% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $60,800 |
| Median Price asked for vacant units | $53,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $313 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.70% |
| Home Equity Loan | 7.90% |
| Simple Mortgage | 53.30% |
| Debt Free | 31.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
