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London, AR Real Estate


According to census data in the year 2000 there were 414 housing units in London. This represents a 19% growth from 348 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 414 were located in what is classified as a rural area.

Homeownership rate in London is about 78.8%. London's vacancy rate, including seasonal lodging, is about 14.5%. Average household size is 2.53 people.

The majority of houses, apartments or condos in London were built after 1978.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom3.10%
Two Bedrooms30.70%
Three Bedrooms54.80%
Four Bedrooms6.50%
Five Bedrooms or more4.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1979
Median Value of occupied units$55,200
Median Price asked for vacant units$40,000

Rented Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1972
Median Monthly Rent asked for vacant units$373

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.90%
Home Equity Loan0%
Simple Mortgage56.80%
Debt Free37.40%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs16%