Bay Minette, AL Real Estate
According to census data in the year 2000 there were 2,941 housing units in Bay Minette.
This represents a 9.7% growth from 2,682 in 1990.
Of those housing units, 2,837 were located in either urbanized areas or urban clusters, and 104 were located in what is classified as a rural area.
Homeownership rate in Bay Minette is about 63.1%.
Bay Minette's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Bay Minette were built after 1973.
|Housing Units by Size|
|Five Bedrooms or more||1%|
Owned Homes, Apartments and Condos
|Average Household Size||2.61|
|Median year structure was built||1972|
|Median Value of occupied units||$69,800|
|Median Price asked for vacant units||$28,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.37|
|Median year structure was built||1974|
|Median Monthly Rent asked for vacant units||$331|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||7.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.4%|