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Colony, AL Real Estate


According to census data in the year 2000 there were 173 housing units in Colony. This represents a 63.2% growth from 106 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 173 were located in what is classified as a rural area.

Homeownership rate in Colony is about 83.2%. Colony's vacancy rate, including seasonal lodging, is about 17.3%. Average household size is 2.84 people.

The majority of houses, apartments or condos in Colony were built after 1979.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4%
Two Bedrooms17.30%
Three Bedrooms56.60%
Four Bedrooms19.70%
Five Bedrooms or more2.30%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.01
Median year structure was built1980
Median Value of occupied units$62,900
Median Price asked for vacant units$17,500

Rented Homes, Apartments and Condos

Average Household Size2
Median year structure was built1969

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.10%
Home Equity Loan4.30%
Simple Mortgage60%
Debt Free28.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs20%