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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 3.50% |
| Two Bedrooms | 28% |
| Three Bedrooms | 50% |
| Four Bedrooms | 15.70% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $112,800 |
| Median Price asked for vacant units | $131,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10.70% |
| Home Equity Loan | 8.50% |
| Simple Mortgage | 57.90% |
| Debt Free | 22.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
