Lake Station, IN Real Estate
According to census data in the year 2000 there were 5,338 housing units in Lake Station.
This represents a 5.4% growth from 5,066 in 1990.
Of those housing units, 5,338 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lake Station is about 79%.
Lake Station's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.75 people.
The majority of houses, apartments or condos in Lake Station were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 6% |
| Two Bedrooms | 37.30% |
| Three Bedrooms | 43.80% |
| Four Bedrooms | 11% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $73,600 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $339 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10% |
| Home Equity Loan | 7% |
| Simple Mortgage | 53.80% |
| Debt Free | 29.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
