Lipscomb, AL Real Estate
According to census data in the year 2000 there were 1,112 housing units in Lipscomb.
This represents a 10.7% decline from 1,245 in 1990.
Of those housing units, 1,112 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lipscomb is about 79.7%.
Lipscomb's vacancy rate, including seasonal lodging, is about 18.2%.
Average household size is 2.73 people.
The majority of houses, apartments or condos in Lipscomb were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 2.20% |
| Two Bedrooms | 36.10% |
| Three Bedrooms | 53.10% |
| Four Bedrooms | 7% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $47,100 |
| Median Price asked for vacant units | $61,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.92 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $289 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 1.60% |
| Simple Mortgage | 49.20% |
| Debt Free | 44.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
