Ft. Payne, AL Real Estate
According to census data in the year 2000 there were 5,633 housing units in Ft. Payne.
This represents a 7.6% growth from 5,236 in 1990.
Of those housing units, 3,192 were located in either urbanized areas or urban clusters, and 2,441 were located in what is classified as a rural area.
Homeownership rate in Ft. Payne is about 69.7%.
Ft. Payne's vacancy rate, including seasonal lodging, is about 9.8%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Ft. Payne were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 7.40% |
| Two Bedrooms | 31.60% |
| Three Bedrooms | 46.20% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $72,100 |
| Median Price asked for vacant units | $42,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $334 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.70% |
| Home Equity Loan | 6.40% |
| Simple Mortgage | 47.90% |
| Debt Free | 42% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.2% |
