Lake Hamilton CDP Arkansas Area Home Supply Charts

This page looks at a variety of Lake Hamilton CDP Arkansas housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Lake Hamilton CDP shows it has a Housing Units of 1,825 which is in the mid point range of other places in the local area.

Figure 2 illustrates the housing density in the Lake Hamilton CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Lake Hamilton CDP shows it has a Housing Density of 936.3 which is the highest of all places in the greater Lake Hamilton CDP region. Comparing housing density to the United States average of 38.9, Lake Hamilton CDP is considerably bigger. Also, benchmarked against the state of Arkansas, housing density of 26.3, Lake Hamilton CDP is very much bigger.

In Figure 4, Lake Hamilton CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Lake Hamilton CDP depicts it has a Housing Unit Change of 11.5% which is the third most of all other places in the greater region. The place with the highest change in the housing units in the area is Midway which indicates a housing units of 25.7% (approximately 2.2 times bigger). Comparing change in the housing units to the United States average of 5.7%, Lake Hamilton CDP is about twice as large. Also, in contrast to the state of Arkansas, change in the housing units of 4.1%, Lake Hamilton CDP is approximately 2.8 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Lake Hamilton CDP depicts it has a Renter Percent of 38.1% which is the second most renter percent of all the places in the greater Lake Hamilton CDP region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 61.9% which is the second smallest as measured by owner percent of all the other places in the surrounding region.

Lake Hamilton CDP Arkansas Home Cost Charts

Looking at the housing data provided in Figure 7, the average Lake Hamilton CDP home price is illustrated for this community and a useful analysis of affordable housing. Lake Hamilton CDP shows it has a Median Home Value of $390,900 which is at the top of all other places in the greater Lake Hamilton CDP region. Figure 8 provides aggregate comparative data for the Lake Hamilton CDP Arkansas metro area in terms of the median housing rental rate, apartment rent, etc. Lake Hamilton CDP depicts it has a Median Gross Rent of $751 which is in the mid range of other places in the metro area. The place with the highest rental rates in the area is Midway which depicts a rental rates of $1,047 (39.4% larger). Comparing rental rates to the United States average of $1,062, Lake Hamilton CDP is approximately three-fourths the size. Also, in contrast to the state of Arkansas, rental rates of $745, Lake Hamilton CDP is about the same size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Lake Hamilton CDP has the smallest proportion of home price worth less than $50,000 at 7% of the total. Second, it has the largest proportion of home price worth between $200,000 to $300,000 at 23% of the total and is ranked #1. Third, it has the largest proportion of home price worth between $300,000 to $400,000 at 33% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $500,000 to $750,000 at 7% of the total and is ranked #1. In addition, it has the largest proportion of home price worth between $750,000 to $1,000,000 at 2% of the total and is ranked #1. Furthermore, it has the largest proportion of home price worth between $1,000,000 to $1,500,000 at 2% of the total and is ranked #1. Next it has the largest proportion of home price worth between $1,500,000 to $2,000,000 at 2% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Lake Hamilton CDP shows it has a Median Owner Cost of $950 which is the highest of all places in the greater Lake Hamilton CDP region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Lake Hamilton CDP metro area. it has a Owner Cost as % of HH Income of 18% which is more than all other places in the greater Lake Hamilton CDP region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Lake Hamilton CDP shows it has a Median Home Value as Percent of Median Earnings of 880% which is ranked #1 of all places in the greater Lake Hamilton CDP region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Lake Hamilton CDP depicts it has a Median Owner Costs-With Mortgage of $1,919 which is the most of all places in the greater Lake Hamilton CDP region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $545 which is ranked #1 of all places in the greater Lake Hamilton CDP region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Lake Hamilton CDP has the smallest proportion of owner cost less than $300 at 12% of the total. Second, it has one of the largest proportions of owner cost between $300 and $500 at 25% of the total and is ranked #2. The only larger place being Mountain Pine with 26%. Third, it has less than most other places in the local area as measured by owner cost between $500 and $700 at 11% of the total. Also, it has the smallest proportion of owner cost between $700 and $1,000 at 5% of the total. In addition, it has the largest proportion of owner cost between $1,000 and $1,500 at 16% of the total and is ranked #1. Furthermore, it has the largest proportion of owner cost between $2,000 and $2,500 at 3% of the total and is ranked #1. Next it has the largest proportion of owner cost between $2,500 and $3,000 at 18% of the total and is ranked #1. Additionally, it has the largest proportion of owner cost between $3,000 and $3,500 at 2% of the total and is ranked #1. And then, it has the largest proportion of owner cost between $3,500 and $4,000 at 2% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Lake Hamilton CDP depicts it has a % of Income Owner Costs-With Mortgage of 38% which is the highest of all places in the greater Lake Hamilton CDP region. Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Lake Hamilton CDP depicts it has a % of Income Owner Costs-No Mortgage of 9% which is less than most other places in the greater region. The place with the highest cost as a percent of household income in the area is Rockwell CDP which depicts a cost as a percent of household income of 12% (30.0% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Lake Hamilton CDP has the percentage of rent as a percent of income is less than 10 pct less than most other places in the metro area at 9% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 40% of the total and is ranked #2. The only larger place being Midway with 42%. Third, it has one of the largest proportions of rent as a percent of income is between 20pct to 30pct at 18% of the total and is ranked #3. Only #2 Hot Springs (19%), and #1 Mountain Pine (23%) are larger. Also, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 11% of the total and is ranked #1. In addition, it has less than most other places in the local area when ranked by rent as a percent of income is between 40pct to 50pct at 19% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Lake Hamilton CDP has the smallest proportion of housing cost less than $300 at 12% of the total. Second, it has the largest proportion of housing cost between $500 and $700 at 38% of the total and is ranked #1. Third, it has the smallest proportion of housing cost between $700 and $1,000 at 4% of the total. Also, it has the largest proportion of housing cost between $2,000 and $2,500 at 2% of the total and is ranked #1. In addition, it has the largest proportion of housing cost between $2,500 and $3,000 at 14% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,093 which is the highest of all places in the metro area. Comparing median real estate taxes paid to the United States average of $2,471, Lake Hamilton CDP is about 18.1% smaller. Also, versus the state of Arkansas, median real estate taxes paid of $798, Lake Hamilton CDP is approximately 2.6 times bigger.

Figure 23 shows the rental rate distribution for this area. Lake Hamilton CDP Arkansas has the largest proportion of rent between 300 and 500 dollars at 44% of the total and is ranked #1. Second, it has one of the largest proportions of rent between 500 and 750 dollars at 47% of the total and is ranked #3. Only #2 Piney CDP (49%), and #1 Rockwell CDP (53%) are larger. Third, it has less than most other places in the surrounding region in terms of rent between 750 and 1000 dollars at 4% of the total.

Lake Hamilton CDP Arkansas Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Lake Hamilton CDP has the largest proportion of both 2nd mortgage and heloc at 59% of the total and is ranked #1. Second, it has the smallest proportion of no 2nd mortgage and no heloc at 41% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Lake Hamilton CDP has the smallest proportion of houses with mortgages at 41% of the total.

Lake Hamilton CDP Arkansas Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.7 which is the smallest as measured by family members per housing unit of all the other places in the metro area. The place with the highest family members per housing unit in the area is Mountain Pine which depicts a family members per housing unit of 4.2 (55.7% larger). Comparing family members per housing unit to the United States average of 3.3, Lake Hamilton CDP is about 22.7% smaller. Also, benchmarked against the state of Arkansas, family members per housing unit of 3.2, Lake Hamilton CDP is about 17.3% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.2 which is in the center range of other places in the local area. The place with the highest average number of rooms in a house in the area is Friendship which shows an average number of rooms in a house of 6.1 (17.3% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1989 which is the third most of all other places in the local area. The place with the highest year built in the area is Midway which shows a year built of 1992 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2010 to 2013 at 27% of the total and is ranked #2. The only larger place being Piney CDP with 28%. Second, it has the largest proportion of homes built between 1990 to 1999 at 28% of the total and is ranked #1. Third, it has the second smallest as measured by homes built in 2014 or later of all the other places in the local area when ranked by homes built between 1980 to 1989 at 8% of the total. Also, it has less than most other places in the local area as measured by homes built between 1970 to 1979 at 7% of the total. In addition, it has the second smallest when ranked by homes built in 2014 or later of all the other places in the metropolitan area when sorted by homes built between 1940 to 1949 at 1% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units in the mid point range of other places in the metropolitan area at 367 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 2 units at 8% of the total and is ranked #1. Second, it has the largest proportion of 3 or 4 units at 13% of the total and is ranked #1. Third, it has one of the largest proportions of 20 to 49 units at 5% of the total and is ranked #2. The only larger place being Hot Springs with 7%. Also, it has less than most other places in the local area as measured by 50 or more units at 15% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2010 to 2013 at $408,800 of the total and is ranked #1. Second, it has one of the largest proportions of value of homes built 2000 to 2009 at $230,700 of the total and is ranked #2. The only larger place being Rockwell CDP with $414,200. Third, it has the largest proportion of value of homes built 1990 to 1999 at $390,700 of the total and is ranked #1. Also, it has the largest proportion of value of homes built 1970 to 1979 at $410,000 of the total and is ranked #1.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 47% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Lake Hamilton CDP residents. it has a Owner-Household Size of 2.3 which is less than most other places in the metro area. The place with the highest homeowner household size in the area is Midway which depicts a homeowner household size of 3.2 (37.5% larger).

Figure 37 shows the household size for renters. Lake Hamilton CDP depicts it has a Renter-Household Size of 2.3 which is in the center range of other places in the local area. The place with the highest renter household size in the area is Midway which depicts a renter household sizes of 2.6 (10.3% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 16% of the total and is ranked #2. The only larger place being Rockwell CDP with 21%. Second, it has the smallest proportion of owners moved in 2015 to 2016 at 8% of the total. Third, it has the largest proportion of owners moved in 2010 to 2014 at 46% of the total and is ranked #1. Also, it has the smallest proportion of owners moved in 1990 to 1999 at 6% of the total. Figure 39 shows the year that people who rent moved into the area. Lake Hamilton CDP has the percentage of renters moved in 2017 or later the second smallest in order of renters moved in 2017 or later of all the other places in the area at 0% of the total. Second, it has the largest proportion of renters moved in 2015 to 2016 at 53% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2004 which is less than most other places in the metro area. Figure 41 compares the median year that renters moved into their home. Lake Hamilton CDP depicts it has a Renter Median Year Moved In of 2014 which is the second smallest in order of median year that a renter moved in of all the other places in the surrounding region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using bottled, tank, or lp gas at 65% of the total and is ranked #1.