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Arab, AL Real Estate


According to census data in the year 2000 there were 3,216 housing units in Arab. This represents a 17.2% growth from 2,745 in 1990.

Of those housing units, 2,722 were located in either urbanized areas or urban clusters, and 494 were located in what is classified as a rural area.

Homeownership rate in Arab is about 67.9%. Arab's vacancy rate, including seasonal lodging, is about 5.8%. Average household size is 2.33 people.

The majority of houses, apartments or condos in Arab were built after 1975.

Statistics

Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom5.40%
Two Bedrooms25.10%
Three Bedrooms53%
Four Bedrooms12.40%
Five Bedrooms or more3.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.52
Median year structure was built1974
Median Value of occupied units$91,800
Median Price asked for vacant units$88,500

Rented Homes, Apartments and Condos

Average Household Size1.94
Median year structure was built1977
Median Monthly Rent asked for vacant units$232

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6%
Home Equity Loan6.80%
Simple Mortgage47.60%
Debt Free39.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.1%