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Lake Arbor, MD Housing

 
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As of 2010-2014, median price of a house in Lake Arbor is $285,400, which is about the same as the state average of $287,500 and is much higher than the national average of $175,700. The Lake Arbor median house value has grown by 65.55% since 2000. The growth rate for the price of a house in Lake Arbor is lower than the state average rate of 96.92% and is higher than the national average rate of 46.91%. The median year that a house in Lake Arbor was built is 1994, which is newer than the median year for a house built in the state which is 1975 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 2,902 Owner Occupied Houses in Lake Arbor, MD, #175
Lake Arbor, MD
285,400 USD
Maryland
287,500 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #282
Lake Arbor, MD
65.55%
Maryland
96.92%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Lake Arbor, MDMarylandU.S.
Total Housing Units4,591, see rank, 100%2,399,375132,741,033
Occupied Housing Units4,236, 92.27%, see rank89.86%87.55%
Owner Occupied2,902, 63.21%, see rank60.26%56.34%
Renter Occupied1,334, 29.06%, see rank29.60%31.21%
Vacant Housing Units355, 7.73%, see rank10.14%12.45%
For Rent83, 1.81%, see rank2.24%2.34%
For Sale Only91, 1.98%, see rank1.11%1.20%
Rented or Sold, Not Occupied116, 2.53%, see rank0.65%0.92%
For Seasonal, Recreational, or Occasional Use0, 0.00%, see rank2.35%3.97%
For Migrant Workers0, 0.00%, see rank0.03%0.03%
Other Vacant65, 1.42%, see rank3.76%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #26
Lake Arbor, MDMarylandU.S.
199419751976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Lake Arbor, MD%MarylandU.S.
Owner-Occupied Units2,902100%1,445,88074,787,460
With a Mortgage2,62290.35%, see rank75.17%65.58%
Without a Mortgage2809.65%, see rank24.83%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Lake Arbor, MD
2,290 USD
Maryland
1,999 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsLake Arbor, MD%MarylandU.S.
$299 or Less00.00%, see rank0.12%0.20%
$300 to $499100.38%, see rank0.75%1.59%
$500 to $69900.00%, see rank1.94%5.01%
$700 to $999652.48%, see rank5.73%14.32%
$1,000 to $1,4991796.83%, see rank18.28%27.90%
$1,500 to $1,99963324.14%, see rank23.23%20.35%
$2,000 to $2,9991,26948.40%, see rank31.23%19.52%
$3,000 or More46617.77%, see rank18.71%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lake Arbor, MD
27.00% of the Total Income
Maryland
24.00% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lake Arbor, MD%MarylandU.S.
10% or Less501.91%, see rank5.74%5.86%
10% to 20%69426.47%, see rank30.56%31.95%
20% to 30%76529.18%, see rank29.32%27.64%
30% to 40%37814.42%, see rank14.45%13.74%
40% or More73528.03%, see rank19.55%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Lake Arbor, MD
700 USD
Maryland
583 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsLake Arbor, MD%MarylandU.S.
$199 or Less00.00%, see rank2.62%7.76%
$200 to $29900.00%, see rank5.55%14.70%
$300 to $4995017.86%, see rank28.64%34.63%
$500 to $6999032.14%, see rank29.57%21.16%
$700 or More14050.00%, see rank33.62%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lake Arbor, MD
10.30% of the Total Income
Maryland
12.10% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lake Arbor, MD%MarylandU.S.
10% or Less13548.21%, see rank41.59%40.19%
10% to 20%9935.36%, see rank30.55%31.47%
20% to 30%248.57%, see rank11.67%12.24%
30% to 40%00.00%, see rank5.66%5.64%
40% or More227.86%, see rank9.55%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Lake Arbor, MDMarylandU.S.
Total Housing Units4,591, 100%2,399,375132,741,033
1-unit, Detached1,367, 29.78%, see rank51.72%61.65%
1-unit, Attached1,738, 37.86%, see rank21.19%5.82%
2 Units15, 0.33%, see rank1.60%3.75%
3 or 4 Units94, 2.05%, see rank2.20%4.43%
5 to 9 Units94, 2.05%, see rank4.94%4.78%
10 or More Units1,283, 27.95%, see rank16.70%13.08%
Mobile Home, Boat, RV, Van, etc.0, 0.00%, see rank1.63%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Lake Arbor, MDMarylandU.S.
Total Housing Units4,591, 100%2,399,375132,741,033
1 Room34, 0.74%, see rank1.15%1.95%
2 Rooms74, 1.61%, see rank1.62%2.48%
3 Rooms283, 6.16%, see rank7.62%9.13%
4 Rooms720, 15.68%, see rank12.84%16.60%
5 Rooms578, 12.59%, see rank14.80%20.41%
6 Rooms498, 10.85%, see rank17.19%18.06%
7 Rooms722, 15.73%, see rank14.01%12.27%
8 Rooms505, 11.00%, see rank11.30%8.48%
9 Rooms or More1,177, 25.64%, see rank19.47%10.60%
Median Rooms6.70, see rank6.205.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Lake Arbor, MDMarylandU.S.
Total Housing Units4,591, 100%2,399,375132,741,033
No Bedroom34, 0.74%, see rank1.33%2.17%
1 Bedroom307, 6.69%, see rank10.34%11.16%
2 Bedrooms1,376, 29.97%, see rank22.38%26.69%
3 Bedrooms1,105, 24.07%, see rank37.63%39.70%
4 Bedrooms1,202, 26.18%, see rank21.12%16.05%
5 or More Bedrooms567, 12.35%, see rank7.20%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Lake Arbor, MDMarylandU.S.
Total Housing Units4,236, 100%2,155,983116,211,092
Utility Gas2,845, 67.16%, see rank44.54%48.85%
Bottled, Tank, or LP Gas24, 0.57%, see rank3.17%4.86%
Electricity1,347, 31.80%, see rank39.67%36.68%
Fuel Oil, Kerosene, etc.0, 0.00%, see rank10.31%5.86%
Coal or Coke0, 0.00%, see rank0.11%0.12%
Wood0, 0.00%, see rank1.37%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel7, 0.17%, see rank0.45%0.47%
No Fuel Used13, 0.31%, see rank0.35%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalLake Arbor, MDMarylandU.S.
Occupied Units Paying Rent1,312, 100%682,56639,201,928
$199 or Less0, 0.00%, see rank1.63%1.50%
$200 to $2990, 0.00%, see rank2.77%3.18%
$300 to $4990, 0.00%, see rank3.76%7.37%
$500 to $69939, 2.97%, see rank5.52%16.01%
$700 to $99927, 2.06%, see rank18.21%29.17%
$1,000 to $1,499219, 16.69%, see rank37.53%26.88%
$1,500 to $1,999607, 46.27%, see rank19.46%9.79%
$2,000 or More420, 32.01%, see rank11.13%6.10%
Median$1,806, see rank$1,218$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Lake Arbor, MDMarylandU.S.
Occupied Housing Units4,236, 100%2,155,983116,211,092
No Vehicles Available139, 3.28%, see rank9.39%9.12%
1 Vehicles Available1,878, 44.33%, see rank32.90%33.80%
2 Vehicles Available1,556, 36.73%, see rank36.77%37.48%
3 or More Vehicles Available663, 15.65%, see rank20.95%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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