Hancock, MD Real Estate
According to census data in the year 2000 there were 813 housing units in Hancock.
This represents a 4.1% decline from 848 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 813 were located in what is classified as a rural area.
Homeownership rate in Hancock is about 49.7%.
Hancock's vacancy rate, including seasonal lodging, is about 8.9%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Hancock were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 22.10% |
| Two Bedrooms | 31.50% |
| Three Bedrooms | 36.30% |
| Four Bedrooms | 7.30% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $71,000 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $328 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.30% |
| Home Equity Loan | 3.70% |
| Simple Mortgage | 47.30% |
| Debt Free | 45.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
