Lowell, IN Real Estate

According to census data in the year 2000 there were 2,769 housing units in Lowell. This represents a 26.8% growth from 2,184 in 1990.

Of those housing units, 2,756 were located in either urbanized areas or urban clusters, and 13 were located in what is classified as a rural area.

Homeownership rate in Lowell is about 77.6%. Lowell's vacancy rate, including seasonal lodging, is about 3.8%. Average household size is 2.75 people.

The majority of houses, apartments or condos in Lowell were built after 1972.


Housing Size

Housing Units by Size
Studio Type1%
One Bedroom3.50%
Two Bedrooms28%
Three Bedrooms50%
Four Bedrooms15.70%
Five Bedrooms or more1.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.86
Median year structure was built1972
Median Value of occupied units$112,800
Median Price asked for vacant units$131,300

Rented Homes, Apartments and Condos

Average Household Size2.38
Median year structure was built1973
Median Monthly Rent asked for vacant units$525

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage10.70%
Home Equity Loan8.50%
Simple Mortgage57.90%
Debt Free22.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.4%