Lake Shore CDP Utah Area Home Supply Charts

This page looks at a variety of Lake Shore CDP Utah housing market data taken from the most recent 2021 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 Shore CDP shows it has a Housing Units of 247 which is the second smallest when ranked by housing units of all the other places in the local area.

Figure 2 illustrates the housing density in the Lake Shore CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Lake Shore CDP depicts it has a Housing Density of 22.6 which is less than most other places in the local area. The place with the highest housing density in the area is Spanish Fork which shows a density of 689.3 ( substantially bigger). Comparing housing density to the United States average of 39.2, Lake Shore CDP is approximately half the size. Also, measured against the state of Utah, housing density of 13.5, Lake Shore CDP is 67.6% larger.

In Figure 4, Lake Shore CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Lake Shore CDP depicts it has a Housing Unit Change of 1.6% which is the second smallest as measured by change in the housing units of all the other places in the metropolitan area. The place with the highest change in the housing units in the area is West Mountain CDP which depicts a housing units of 29.5% ( substantially bigger). Comparing change in the housing units to the United States average of 6.5%, Lake Shore CDP is approximately a quarter the size. Also, in contrast to the state of Utah, change in the housing units of 13.3%, Lake Shore CDP is approximately an eigth the size.

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 Shore CDP shows it has a Renter Percent of 25.5% which is the second most renter percent of all the places in the greater Lake Shore CDP region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 74.5% which is the second smallest in order of owner percent of all the other places in the local area.

Lake Shore CDP Utah Home Cost Charts

Looking at the housing data provided in Figure 7, the average Lake Shore CDP home price is illustrated for this community and a useful analysis of affordable housing. Lake Shore CDP indicates it has a Median Home Value of $504,800 which is the largest of all places in the greater Lake Shore CDP region.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Lake Shore CDP has the smallest proportion of home price worth between $200,000 to $300,000 at 18% of the total. Second, it has the largest proportion of home price worth between $400,000 to $500,000 at 28% of the total and is ranked #1. Third, it has the largest proportion of home price worth between $750,000 to $1,000,000 at 4% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $1,000,000 to $1,500,000 at 4% of the total and is ranked #1. In addition, it has the largest proportion of home price worth between $1,500,000 to $2,000,000 at 4% 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 Shore CDP depicts it has a Median Owner Cost of $1,300 which is less than most other places in the area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Lake Shore CDP metro area. it has a Owner Cost as % of HH Income of 15% which is the second smallest in order of cost as a percent of household income of all the other places in the metropolitan area.

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 Shore CDP shows it has a Median Home Value as Percent of Median Earnings of 717% which is the second most median home value as a percent of median worker earnings of all the places in the greater Lake Shore 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 Shore CDP depicts it has a Median Owner Costs-With Mortgage of $2,370 which is the highest of all places in the greater 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 $389 which is the second smallest when sorted by median housing cost of all the other places in the greater 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 Shore CDP has the largest proportion of owner cost less than $300 at 43% of the total and is ranked #1. Second, it has the smallest proportion of owner cost between $300 and $500 at 3% of the total. Third, it has the largest proportion of owner cost between $500 and $700 at 13% of the total and is ranked #1. Also, it has the second smallest in order of owner cost less than $300 of all the other places in the metro area in order of owner cost between $700 and $1,000 at 8% of the total. In addition, it has the second smallest in terms of owner cost less than $300 of all the other places in the local area in terms of owner cost between $1,000 and $1,500 at 6% of the total. Furthermore, it has the largest proportion of owner cost between $2,000 and $2,500 at 12% of the total and is ranked #1. Next it has the largest proportion of owner cost between $2,500 and $3,000 at 12% 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 Shore CDP indicates it has a % of Income Owner Costs-With Mortgage of 24% which is more than all other places in the greater Lake Shore 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 Shore CDP depicts it has a % of Income Owner Costs-No Mortgage of 9% which is at the top of all other places in the greater Lake Shore CDP region.

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 Shore CDP has the largest proportion of rent as a percent of income is less than 10 pct at 100% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Lake Shore CDP has the largest proportion of housing cost less than $300 at 22% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $300 and $500 at 3% of the total. Third, it has the largest proportion of housing cost between $500 and $700 at 34% of the total and is ranked #1. Also, it has the smallest proportion of housing cost between $700 and $1,000 at 6% of the total. In addition, it has the smallest proportion of housing cost between $1,000 and $1,500 at 4% of the total. Furthermore, it has the largest proportion of housing cost between $2,000 and $2,500 at 9% of the total and is ranked #1. Next it has the largest proportion of housing cost between $2,500 and $3,000 at 9% 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 $1,988 which is the second most median real estate taxes paid of all the places in the greater Lake Shore CDP region. The place with the highest median real estate taxes paid in the area is Salem which depicts a taxes paid of $2,011 ( only slightly larger). Comparing median real estate taxes paid to the United States average of $2,551, Lake Shore CDP is approximately three-fourths the size. Also, compared to the state of Utah, median real estate taxes paid of $1,837, Lake Shore CDP is 8.2% larger.

Figure 23 shows the rental rate distribution for this area. Lake Shore CDP Utah has the largest proportion of rent between 500 and 750 dollars at 95% of the total and is ranked #1.

Lake Shore CDP Utah Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Lake Shore CDP has the smallest proportion of With mortgage at 43% of the total. Second, it has the largest proportion of With HELOC no Primary Mortgage at 45% of the total and is ranked #1.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Lake Shore CDP has the largest proportion of houses with mortgages at 45% of the total and is ranked #1.

Lake Shore CDP Utah Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 4.4 which is the highest of all places in the greater Lake Shore CDP region. Comparing family members per housing unit to the United States average of 3.3, Lake Shore CDP is 34.3% larger. Also, measured against the state of Utah, family members per housing unit of 3.7, Lake Shore CDP is 21.0% larger.

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 6.4 which is the smallest in order of average number of rooms in a house of all the other places in the metropolitan area. The place with the highest average number of rooms in a house in the area is West Mountain CDP which depicts an average number of rooms in a house of 7.8 (21.9% 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 1996 which is the third most year built of all other places in the greater Lake Shore CDP region. The place with the highest year built in the area is Salem which depicts a year built of 2000 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 in the mid point range of other places in the metro area at 21% of the total. Second, it has the largest proportion of homes built between 2000 to 2009 at 39% of the total and is ranked #1. Third, it has in the center range of other places in the local area in terms of homes built between 1990 to 1999 at 7% of the total. Also, it has in the mid point range of other places in the local area in order of homes built between 1940 to 1949 at 7% 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 middle range of other places in the metropolitan area at 63 of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2010 to 2013 at $678,600 of the total and is ranked #2. The only larger place being Benjamin CDP with $871,200. Second, it has less than most other places in the greater region in order of value of homes built 1990 to 1999 at $278,100 of the total. Third, it has in the intermediate range of other places in the metro area in terms of value of homes built 1980 to 1989 at $281,300 of the total. Also, it has one of the largest proportions of value of homes built 1940 to 1949 at $350,000 of the total and is ranked #2. The only larger place being Benjamin CDP with $408,300.

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 Shore CDP residents. it has a Owner-Household Size of 2.9 which is the second smallest as measured by homeowner household size of all the other places in the metropolitan area. The place with the highest homeowner household size in the area is Spanish Fork which depicts a homeowner household size of 3.9 (33.4% larger).

Figure 37 shows the household size for renters. Lake Shore CDP shows it has a Renter-Household Size of 7.5 which is at the top of all other places in the greater Lake Shore CDP region. Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later the second smallest when ranked by owners moved in 2019 or later of all the other places in the surrounding region at 17% of the total. Second, it has one of the largest proportions of owners moved in 2015 to 2018 at 28% of the total and is ranked #2. The only larger place being West Mountain CDP with 37%. Third, it has one of the largest proportions of owners moved in 2010 to 2014 at 35% of the total and is ranked #2. The only larger place being Benjamin CDP with 37%. Also, it has the smallest proportion of owners moved in 2000 to 2009 at 4% of the total. Figure 39 shows the year that people who rent moved into the area. Lake Shore CDP has the largest proportion of renters moved in 2019 or later at 99% 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 2011 which is ranked #1 of all places in the greater Lake Shore CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest in terms of homes using natural gas of all the other places in the surrounding region at 9% of the total. Second, it has the largest proportion of homes using coal or coke at 9% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Lake Shore CDP housing department, Utah department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Lake Shore CDP shows it has a Total In Group Quarters of 15 which is the third most number of people in group quarters of all other places in the greater Lake Shore CDP region.