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Oak Island, NC Real Estate


According to census data in the year 2000 there were 6,662 housing units in Oak Island.

Of those housing units, 6,481 were located in either urbanized areas or urban clusters, and 181 were located in what is classified as a rural area.

Homeownership rate in Oak Island is about 78.9%. Oak Island's vacancy rate, including seasonal lodging, is about 53.8%. Average household size is 2.12 people.

The majority of houses, apartments or condos in Oak Island were built after 1984.

Statistics

Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom3.40%
Two Bedrooms30%
Three Bedrooms50.70%
Four Bedrooms12.90%
Five Bedrooms or more1.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1986
Median Value of occupied units$119,400
Median Price asked for vacant units$110,100

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1978
Median Monthly Rent asked for vacant units$725

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.80%
Home Equity Loan9%
Simple Mortgage50.80%
Debt Free36.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19%