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.


Housing Size

Housing Units by Size
Studio Type3.60%
One Bedroom17.60%
Two Bedrooms34.80%
Three Bedrooms29.90%
Four Bedrooms10.60%
Five Bedrooms or more3.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.88
Median year structure was built1939
Median Value of occupied units$134,200
Median Price asked for vacant units$132,400

Rented Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1948
Median Monthly Rent asked for vacant units$598

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage5.20%
Home Equity Loan7.10%
Simple Mortgage57%
Debt Free30.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.4%