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Gulf Shores, AL Real Estate


According to census data in the year 2000 there were 6,847 housing units in Gulf Shores. This represents a 37.6% growth from 4,976 in 1990.

Of those housing units, 3,442 were located in either urbanized areas or urban clusters, and 3,405 were located in what is classified as a rural area.

Homeownership rate in Gulf Shores is about 71.9%. Gulf Shores's vacancy rate, including seasonal lodging, is about 65%. Average household size is 2.15 people.

The majority of houses, apartments or condos in Gulf Shores were built after 1988.

Statistics

Housing Size

Housing Units by Size
Studio Type2.20%
One Bedroom10.90%
Two Bedrooms43.80%
Three Bedrooms34.40%
Four Bedrooms6.60%
Five Bedrooms or more2%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.1
Median year structure was built1988
Median Value of occupied units$177,200
Median Price asked for vacant units$188,800

Rented Homes, Apartments and Condos

Average Household Size2.28
Median year structure was built1987
Median Monthly Rent asked for vacant units$852

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.70%
Home Equity Loan5.40%
Simple Mortgage45%
Debt Free43.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.3%