Princes Lakes, IN Real Estate

According to census data in the year 2000 there were 700 housing units in Princes Lakes. This represents a 12.9% growth from 620 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 700 were located in what is classified as a rural area.

Homeownership rate in Princes Lakes is about 90.9%. Princes Lakes's vacancy rate, including seasonal lodging, is about 15.6%. Average household size is 2.5 people.

The majority of houses, apartments or condos in Princes Lakes were built after 1963.


Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom8.90%
Two Bedrooms41.30%
Three Bedrooms40.30%
Four Bedrooms6.90%
Five Bedrooms or more1.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1964
Median Value of occupied units$103,300
Median Price asked for vacant units$78,000

Rented Homes, Apartments and Condos

Average Household Size3.94
Median year structure was built1958

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage7.60%
Home Equity Loan7.80%
Simple Mortgage67.30%
Debt Free16.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.5%