Alabama Real Estate
According to census data in the year 2000 there were 1,963,711 housing units in Alabama.
This represents a 17.6% from 1,670,379 in 1990.
Of those housing units, 1,080,525 were located in either urbanized areas or urban clusters, and 883,186 were located in what is classified as a rural area.
Homeownership rate in Alabama is about 72.5%.
Alabama's vacancy rate, including seasonal lodging, is about 11.5%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Alabama were built after 1975.
|Housing Units by Size|
|Five Bedrooms or more||2.3%|
Owned Homes, Apartments and Condos
|Average Household Size||2.59|
|Median year structure was built||1976|
|Median Value of occupied units||$85,100|
|Median Price asked for vacant units||$67,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.25|
|Median year structure was built||1973|
|Median Monthly Rent asked for vacant units||$334|
Owners Finance Status
|Second Mortgage & Equity Loan||0.1%|
|Home Equity Loan||6.8%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.7%|
Cities & Towns