Gulf Shores, AL Real Estate
According to census data in the year 2000 there were 6,847 housing units in Gulf Shores.
This represents a 37.6% growth from 4,976 in 1990.
Of those housing units, 3,442 were located in either urbanized areas or urban clusters, and 3,405 were located in what is classified as a rural area.
Homeownership rate in Gulf Shores is about 71.9%.
Gulf Shores's vacancy rate, including seasonal lodging, is about 65%.
Average household size is 2.15 people.
The majority of houses, apartments or condos in Gulf Shores were built after 1988.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 10.90% |
| Two Bedrooms | 43.80% |
| Three Bedrooms | 34.40% |
| Four Bedrooms | 6.60% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1988 |
| Median Value of occupied units | $177,200 |
| Median Price asked for vacant units | $188,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1987 |
| Median Monthly Rent asked for vacant units | $852 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 5.40% |
| Simple Mortgage | 45% |
| Debt Free | 43.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
