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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 Type0.50%
One Bedroom7%
Two Bedrooms28.60%
Three Bedrooms50.20%
Four Bedrooms12.70%
Five Bedrooms or more1%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1951
Median Value of occupied units$60,800
Median Price asked for vacant units$53,800

Rented Homes, Apartments and Condos

Average Household Size1.93
Median year structure was built1959
Median Monthly Rent asked for vacant units$313

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.70%
Home Equity Loan7.90%
Simple Mortgage53.30%
Debt Free31.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.9%