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Economy, PA Real Estate


According to census data in the year 2000 there were 3,629 housing units in Economy. This represents a 7.6% growth from 3,373 in 1990.

Of those housing units, 2,602 were located in either urbanized areas or urban clusters, and 1,027 were located in what is classified as a rural area.

Homeownership rate in Economy is about 94.7%. Economy's vacancy rate, including seasonal lodging, is about 2.8%. Average household size is 2.65 people.

The majority of houses, apartments or condos in Economy were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom2.70%
Two Bedrooms18.60%
Three Bedrooms58.60%
Four Bedrooms18.60%
Five Bedrooms or more1.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.68
Median year structure was built1970
Median Value of occupied units$112,600
Median Price asked for vacant units$96,000

Rented Homes, Apartments and Condos

Average Household Size2.14
Median year structure was built1964
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage6.60%
Home Equity Loan15.50%
Simple Mortgage40.10%
Debt Free37.50%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.2%