Bay Minette, AL Real Estate
According to census data in the year 2000 there were 2,941 housing units in Bay Minette.
This represents a 9.7% growth from 2,682 in 1990.
Of those housing units, 2,837 were located in either urbanized areas or urban clusters, and 104 were located in what is classified as a rural area.
Homeownership rate in Bay Minette is about 63.1%.
Bay Minette's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Bay Minette were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 11.20% |
| Two Bedrooms | 23% |
| Three Bedrooms | 50.70% |
| Four Bedrooms | 13.20% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $69,800 |
| Median Price asked for vacant units | $28,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $331 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 49.60% |
| Debt Free | 37% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
