Foley, AL Real Estate
According to census data in the year 2000 there were 3,425 housing units in Foley.
This represents a 61% growth from 2,127 in 1990.
Of those housing units, 2,917 were located in either urbanized areas or urban clusters, and 508 were located in what is classified as a rural area.
Homeownership rate in Foley is about 65.9%.
Foley's vacancy rate, including seasonal lodging, is about 10.5%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Foley were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 9.50% |
| Two Bedrooms | 30.50% |
| Three Bedrooms | 48.20% |
| Four Bedrooms | 7.90% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $97,900 |
| Median Price asked for vacant units | $94,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1985 |
| Median Monthly Rent asked for vacant units | $509 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 3% |
| Home Equity Loan | 4.60% |
| Simple Mortgage | 48.40% |
| Debt Free | 43.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
