Home

McRae, AR Real Estate


According to census data in the year 2000 there were 301 housing units in McRae. This represents a 2.6% decline from 309 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 301 were located in what is classified as a rural area.

Homeownership rate in McRae is about 73.2%. McRae's vacancy rate, including seasonal lodging, is about 5.6%. Average household size is 2.48 people.

The majority of houses, apartments or condos in McRae were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom14%
Two Bedrooms36.50%
Three Bedrooms43.50%
Four Bedrooms4.70%
Five Bedrooms or more1.30%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.38
Median year structure was built1971
Median Value of occupied units$42,600
Median Price asked for vacant units$40,000

Rented Homes, Apartments and Condos

Average Household Size2.72
Median year structure was built1969
Median Monthly Rent asked for vacant units$188

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan2.10%
Simple Mortgage44%
Debt Free53.90%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs14.6%