Lake City, AR Real Estate

According to census data in the year 2000 there were 777 housing units in Lake City. This represents a 4.4% growth from 744 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 777 were located in what is classified as a rural area.

Homeownership rate in Lake City is about 66.6%. Lake City's vacancy rate, including seasonal lodging, is about 6%. Average household size is 2.54 people.

The majority of houses, apartments or condos in Lake City were built after 1973.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom6.90%
Two Bedrooms28.70%
Three Bedrooms57.90%
Four Bedrooms5%
Five Bedrooms or more0.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1973
Median Value of occupied units$48,100
Median Price asked for vacant units$70,000

Rented Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1971
Median Monthly Rent asked for vacant units$360

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6%
Home Equity Loan1.80%
Simple Mortgage54.60%
Debt Free37.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.9%