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Fayette, IA Real Estate


According to census data in the year 2000 there were 438 housing units in Fayette. This represents a 8% decline from 476 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 438 were located in what is classified as a rural area.

Homeownership rate in Fayette is about 60.8%. Fayette's vacancy rate, including seasonal lodging, is about 8.7%. Average household size is 2.36 people.

The majority of houses, apartments or condos in Fayette were built after 1944.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom14.80%
Two Bedrooms34.50%
Three Bedrooms34.50%
Four Bedrooms12.60%
Five Bedrooms or more3.70%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1939
Median Value of occupied units$55,000
Median Price asked for vacant units$18,800

Rented Homes, Apartments and Condos

Average Household Size1.74
Median year structure was built1953
Median Monthly Rent asked for vacant units$250

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.30%
Home Equity Loan1.40%
Simple Mortgage56.90%
Debt Free39.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%