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Opelika, AL Real Estate


According to census data in the year 2000 there were 10,272 housing units in Opelika. This represents a 14.7% growth from 8,956 in 1990.

Of those housing units, 8,950 were located in either urbanized areas or urban clusters, and 1,322 were located in what is classified as a rural area.

Homeownership rate in Opelika is about 64.4%. Opelika's vacancy rate, including seasonal lodging, is about 10.2%. Average household size is 2.49 people.

The majority of houses, apartments or condos in Opelika were built after 1975.

Statistics

Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom8.90%
Two Bedrooms28.10%
Three Bedrooms47.40%
Four Bedrooms12.50%
Five Bedrooms or more2.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1976
Median Value of occupied units$91,100
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1973
Median Monthly Rent asked for vacant units$256

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage7.60%
Home Equity Loan8.80%
Simple Mortgage54.10%
Debt Free29.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%