Lake Magdalene, FL Real Estate
According to census data in the year 2000 there were 12,970 housing units in Lake Magdalene.
This represents a 75.3% growth from 7,399 in 1990.
Of those housing units, 12,970 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lake Magdalene is about 69.5%.
Lake Magdalene's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in Lake Magdalene were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.90% |
| One Bedroom | 14.20% |
| Two Bedrooms | 30.30% |
| Three Bedrooms | 31.10% |
| Four Bedrooms | 19.60% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $110,600 |
| Median Price asked for vacant units | $122,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1981 |
| Median Monthly Rent asked for vacant units | $659 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 9.40% |
| Home Equity Loan | 8% |
| Simple Mortgage | 61.30% |
| Debt Free | 20.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.6% |
