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Lonaconing, MD Real Estate


According to census data in the year 2000 there were 563 housing units in Lonaconing. This represents a 11.5% growth from 505 in 1990.

Of those housing units, 560 were located in either urbanized areas or urban clusters, and 3 were located in what is classified as a rural area.

Homeownership rate in Lonaconing is about 61.2%. Lonaconing's vacancy rate, including seasonal lodging, is about 14.4%. Average household size is 2.38 people.

The majority of houses, apartments or condos in Lonaconing were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom12.10%
Two Bedrooms33.40%
Three Bedrooms35.50%
Four Bedrooms16.90%
Five Bedrooms or more2.10%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1939
Median Value of occupied units$50,300
Median Price asked for vacant units$32,500

Rented Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1939
Median Monthly Rent asked for vacant units$216

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0.70%
Home Equity Loan2.20%
Simple Mortgage42.80%
Debt Free54.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.9%