Lorena, TX Real Estate
According to census data in the year 2000 there were 562 housing units in Lorena.
This represents a 34.4% growth from 418 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 562 were located in what is classified as a rural area.
Homeownership rate in Lorena is about 70.6%.
Lorena's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Lorena were built after 1983.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 7.80% |
| Two Bedrooms | 19.80% |
| Three Bedrooms | 59.80% |
| Four Bedrooms | 10.10% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $80,500 |
| Median Price asked for vacant units | $57,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1984 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.10% |
| Home Equity Loan | 3.90% |
| Simple Mortgage | 65.70% |
| Debt Free | 29.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
