Lake Arbor, MD Real Estate
According to census data in the year 2000 there were 3,671 housing units in Lake Arbor.
Of those housing units, 3,671 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lake Arbor is about 76.3%.
Lake Arbor's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Lake Arbor were built after 1992.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.30% |
| One Bedroom | 15% |
| Two Bedrooms | 19.10% |
| Three Bedrooms | 29.90% |
| Four Bedrooms | 26% |
| Five Bedrooms or more | 6.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1993 |
| Median Value of occupied units | $172,400 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.53 |
| Median year structure was built | 1991 |
| Median Monthly Rent asked for vacant units | $994 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 12.80% |
| Home Equity Loan | 11% |
| Simple Mortgage | 73.40% |
| Debt Free | 2.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 24.6% |
