Grand Bay, AL Real Estate
According to census data in the year 2000 there were 1,474 housing units in Grand Bay.
This represents a 18.4% growth from 1,245 in 1990.
Of those housing units, 801 were located in either urbanized areas or urban clusters, and 673 were located in what is classified as a rural area.
Homeownership rate in Grand Bay is about 81.4%.
Grand Bay's vacancy rate, including seasonal lodging, is about 5.6%.
Average household size is 2.89 people.
The majority of houses, apartments or condos in Grand Bay were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 4.20% |
| Two Bedrooms | 18.70% |
| Three Bedrooms | 66.60% |
| Four Bedrooms | 7.10% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $76,500 |
| Median Price asked for vacant units | $65,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.92 |
| Median year structure was built | 1986 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 4.80% |
| Simple Mortgage | 41.80% |
| Debt Free | 45.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
