Midland City, AL Real Estate
According to census data in the year 2000 there were 817 housing units in Midland City.
This represents a 4.6% growth from 781 in 1990.
Of those housing units, 604 were located in either urbanized areas or urban clusters, and 213 were located in what is classified as a rural area.
Homeownership rate in Midland City is about 50.6%.
Midland City's vacancy rate, including seasonal lodging, is about 12.6%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Midland City were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 10.60% |
| Two Bedrooms | 35.50% |
| Three Bedrooms | 44.30% |
| Four Bedrooms | 7.30% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $53,200 |
| Median Price asked for vacant units | $70,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $206 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 6% |
| Simple Mortgage | 46.40% |
| Debt Free | 42.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
