London, KY Real Estate
According to census data in the year 2000 there were 2,720 housing units in London.
This represents a 6.5% growth from 2,553 in 1990.
Of those housing units, 2,494 were located in either urbanized areas or urban clusters, and 226 were located in what is classified as a rural area.
Homeownership rate in London is about 53%.
London's vacancy rate, including seasonal lodging, is about 10.1%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in London were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 16.20% |
| Two Bedrooms | 34.30% |
| Three Bedrooms | 38% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $74,100 |
| Median Price asked for vacant units | $65,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $268 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 1.80% |
| Simple Mortgage | 44.40% |
| Debt Free | 50.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
