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Lowell, AR Real Estate


According to census data in the year 2000 there were 1,989 housing units in Lowell. This represents a 285.5% growth from 516 in 1990.

Of those housing units, 1,940 were located in either urbanized areas or urban clusters, and 49 were located in what is classified as a rural area.

Homeownership rate in Lowell is about 67.5%. Lowell's vacancy rate, including seasonal lodging, is about 7.4%. Average household size is 2.63 people.

The majority of houses, apartments or condos in Lowell were built after 1996.

Statistics

Housing Size

Housing Units by Size
Studio Type2.30%
One Bedroom5.10%
Two Bedrooms26.50%
Three Bedrooms58.50%
Four Bedrooms6.80%
Five Bedrooms or more0.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1996
Median Value of occupied units$90,900
Median Price asked for vacant units$82,900

Rented Homes, Apartments and Condos

Average Household Size2.24
Median year structure was built1995
Median Monthly Rent asked for vacant units$608

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.50%
Home Equity Loan5.30%
Simple Mortgage81.90%
Debt Free7.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.8%