South Lancaster, MA Real Estate
According to census data in the year 2000 there were 731 housing units in South Lancaster.
This represents a 7.3% growth from 681 in 1990.
Of those housing units, 731 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in South Lancaster is about 70.2%.
South Lancaster's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in South Lancaster were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 17.80% |
| Two Bedrooms | 27.40% |
| Three Bedrooms | 38.40% |
| Four Bedrooms | 11.10% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.91 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $156,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.62 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 5.90% |
| Simple Mortgage | 66.80% |
| Debt Free | 24% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
