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Lake Mills, IA Housing

 
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As of 2010-2014, median price of a house in Lake Mills is $93,900, which is lower than the state average of $126,300 and is much lower than the national average of $175,700. The Lake Mills median house value has grown by 27.06% since 2000. The growth rate for the price of a house in Lake Mills is lower than the state average rate of 53.09% and is lower than the national average rate of 46.91%. The median year that a house in Lake Mills was built is 1966, which is about the same as the median year for a house built in the state which is 1966 and is older 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 627 Owner Occupied Houses in Lake Mills, IA, #336
Lake Mills, IA
93,900 USD
Iowa
126,300 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #768
Lake Mills, IA
27.06%
Iowa
53.09%
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 Mills, IAIowaU.S.
Total Housing Units959, see rank, 100%1,348,151132,741,033
Occupied Housing Units879, 91.66%, see rank91.40%87.55%
Owner Occupied627, 65.38%, see rank65.64%56.34%
Renter Occupied252, 26.28%, see rank25.76%31.21%
Vacant Housing Units80, 8.34%, see rank8.60%12.45%
For Rent28, 2.92%, see rank1.72%2.34%
For Sale Only0, 0.00%, see rank1.16%1.20%
Rented or Sold, Not Occupied13, 1.36%, see rank0.79%0.92%
For Seasonal, Recreational, or Occasional Use26, 2.71%, see rank1.48%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant13, 1.36%, see rank3.45%4.00%

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

Year Structure Built

Median Built Year, #208
Lake Mills, IAIowaU.S.
196619661976

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 Mills, IA%IowaU.S.
Owner-Occupied Units627100%884,98474,787,460
With a Mortgage34354.70%, see rank61.75%65.58%
Without a Mortgage28445.30%, see rank38.25%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 Mills, IA
924 USD
Iowa
1,181 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsLake Mills, IA%IowaU.S.
$299 or Less00.00%, see rank0.23%0.20%
$300 to $499123.50%, see rank2.39%1.59%
$500 to $6996218.08%, see rank8.63%5.01%
$700 to $99913439.07%, see rank23.95%14.32%
$1,000 to $1,49911332.94%, see rank35.90%27.90%
$1,500 to $1,999185.25%, see rank17.17%20.35%
$2,000 to $2,99941.17%, see rank9.44%19.52%
$3,000 or More00.00%, see rank2.31%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lake Mills, IA
20.90% of the Total Income
Iowa
20.00% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lake Mills, IA%IowaU.S.
10% or Less154.37%, see rank7.42%5.86%
10% to 20%14441.98%, see rank42.29%31.95%
20% to 30%10831.49%, see rank27.59%27.64%
30% to 40%4312.54%, see rank10.63%13.74%
40% or More339.62%, see rank11.73%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 Mills, IA
395 USD
Iowa
431 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsLake Mills, IA%IowaU.S.
$199 or Less93.17%, see rank5.58%7.76%
$200 to $2996422.54%, see rank14.17%14.70%
$300 to $49916357.39%, see rank45.62%34.63%
$500 to $699269.15%, see rank23.27%21.16%
$700 or More227.75%, see rank11.37%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lake Mills, IA
13.20% of the Total Income
Iowa
11.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lake Mills, IA%IowaU.S.
10% or Less9232.39%, see rank43.38%40.19%
10% to 20%10938.38%, see rank32.92%31.47%
20% to 30%3512.32%, see rank11.83%12.24%
30% to 40%4315.14%, see rank4.69%5.64%
40% or More51.76%, see rank6.38%9.16%

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

Units in Structure

 Lake Mills, IAIowaU.S.
Total Housing Units959, 100%1,348,151132,741,033
1-unit, Detached747, 77.89%, see rank73.88%61.65%
1-unit, Attached10, 1.04%, see rank3.72%5.82%
2 Units56, 5.84%, see rank2.37%3.75%
3 or 4 Units32, 3.34%, see rank3.38%4.43%
5 to 9 Units12, 1.25%, see rank3.70%4.78%
10 or More Units84, 8.76%, see rank9.11%13.08%
Mobile Home, Boat, RV, Van, etc.18, 1.88%, see rank3.84%6.49%

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

Rooms

 Lake Mills, IAIowaU.S.
Total Housing Units959, 100%1,348,151132,741,033
1 Room54, 5.63%, see rank1.15%1.95%
2 Rooms8, 0.83%, see rank2.07%2.48%
3 Rooms41, 4.28%, see rank7.28%9.13%
4 Rooms178, 18.56%, see rank14.50%16.60%
5 Rooms138, 14.39%, see rank18.57%20.41%
6 Rooms157, 16.37%, see rank17.20%18.06%
7 Rooms190, 19.81%, see rank13.83%12.27%
8 Rooms110, 11.47%, see rank10.61%8.48%
9 Rooms or More83, 8.65%, see rank14.79%10.60%
Median Rooms5.90, see rank5.905.50

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

Bedrooms

 Lake Mills, IAIowaU.S.
Total Housing Units959, 100%1,348,151132,741,033
No Bedroom54, 5.63%, see rank1.33%2.17%
1 Bedroom75, 7.82%, see rank9.36%11.16%
2 Bedrooms267, 27.84%, see rank28.37%26.69%
3 Bedrooms407, 42.44%, see rank38.82%39.70%
4 Bedrooms149, 15.54%, see rank17.31%16.05%
5 or More Bedrooms7, 0.73%, see rank4.82%4.22%

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

House Heating Fuel

 Lake Mills, IAIowaU.S.
Total Housing Units879, 100%1,232,228116,211,092
Utility Gas708, 80.55%, see rank63.45%48.85%
Bottled, Tank, or LP Gas7, 0.80%, see rank13.26%4.86%
Electricity151, 17.18%, see rank19.45%36.68%
Fuel Oil, Kerosene, etc.0, 0.00%, see rank0.74%5.86%
Coal or Coke0, 0.00%, see rank0.01%0.12%
Wood7, 0.80%, see rank1.64%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel6, 0.68%, see rank0.93%0.47%
No Fuel Used0, 0.00%, see rank0.49%1.00%

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

Gross Rent

Monthly RentalLake Mills, IAIowaU.S.
Occupied Units Paying Rent247, 100%324,46939,201,928
$199 or Less0, 0.00%, see rank1.67%1.50%
$200 to $29932, 12.96%, see rank4.14%3.18%
$300 to $49984, 34.01%, see rank16.06%7.37%
$500 to $69947, 19.03%, see rank29.77%16.01%
$700 to $99945, 18.22%, see rank31.63%29.17%
$1,000 to $1,49922, 8.91%, see rank12.90%26.88%
$1,500 to $1,99913, 5.26%, see rank2.30%9.79%
$2,000 or More4, 1.62%, see rank1.53%6.10%
Median$521, see rank$689$920

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

Vehicle Available

 Lake Mills, IAIowaU.S.
Occupied Housing Units879, 100%1,232,228116,211,092
No Vehicles Available74, 8.42%, see rank5.69%9.12%
1 Vehicles Available279, 31.74%, see rank30.25%33.80%
2 Vehicles Available343, 39.02%, see rank39.60%37.48%
3 or More Vehicles Available183, 20.82%, see rank24.45%19.61%

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


 
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