Alabama Real Estate
According to census data in the year 2000 there were 1,963,711 housing units in Alabama.
This represents a 17.6% from 1,670,379 in 1990.
Of those housing units, 1,080,525 were located in either urbanized areas or urban clusters, and 883,186 were located in what is classified as a rural area.
Homeownership rate in Alabama is about 72.5%.
Alabama's vacancy rate, including seasonal lodging, is about 11.5%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Alabama were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.1% |
| One Bedroom | 8.1% |
| Two Bedrooms | 27.8% |
| Three Bedrooms | 48.3% |
| Four Bedrooms | 12.4% |
| Five Bedrooms or more | 2.3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $85,100 |
| Median Price asked for vacant units | $67,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $334 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 6.3% |
| Home Equity Loan | 6.8% |
| Simple Mortgage | 50.7% |
| Debt Free | 36.0% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
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