Lowell, MA Real Estate
According to census data in the year 2000 there were 39,468 housing units in Lowell.
This represents a 2.1% decline from 40,302 in 1990.
Of those housing units, 39,468 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lowell is about 43.1%.
Lowell's vacancy rate, including seasonal lodging, is about 4%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Lowell were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.60% |
| One Bedroom | 17.60% |
| Two Bedrooms | 34.80% |
| Three Bedrooms | 29.90% |
| Four Bedrooms | 10.60% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $134,200 |
| Median Price asked for vacant units | $132,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1948 |
| Median Monthly Rent asked for vacant units | $598 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 7.10% |
| Simple Mortgage | 57% |
| Debt Free | 30.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
