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.


Housing Size

Housing Units by Size
Studio Type3.30%
One Bedroom15%
Two Bedrooms19.10%
Three Bedrooms29.90%
Four Bedrooms26%
Five Bedrooms or more6.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.64
Median year structure was built1993
Median Value of occupied units$172,400
Median Price asked for vacant units$162,500

Rented Homes, Apartments and Condos

Average Household Size1.53
Median year structure was built1991
Median Monthly Rent asked for vacant units$994

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage12.80%
Home Equity Loan11%
Simple Mortgage73.40%
Debt Free2.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs24.6%