Lochearn, MD Real Estate
According to census data in the year 2000 there were 10,247 housing units in Lochearn.
This represents a 3.5% growth from 9,905 in 1990.
Of those housing units, 10,247 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lochearn is about 70.2%.
Lochearn's vacancy rate, including seasonal lodging, is about 4.5%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Lochearn were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 9.60% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 48.40% |
| Four Bedrooms | 15.60% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $104,600 |
| Median Price asked for vacant units | $99,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $555 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 11% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 57.90% |
| Debt Free | 22.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
