Montgomery, AL Real Estate
According to census data in the year 2000 there were 86,801 housing units in Montgomery.
This represents a 13.3% growth from 76,636 in 1990.
Of those housing units, 84,510 were located in either urbanized areas or urban clusters, and 2,291 were located in what is classified as a rural area.
Homeownership rate in Montgomery is about 61.9%.
Montgomery's vacancy rate, including seasonal lodging, is about 9.6%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Montgomery were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 12% |
| Two Bedrooms | 24.70% |
| Three Bedrooms | 44.30% |
| Four Bedrooms | 15.10% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $86,800 |
| Median Price asked for vacant units | $86,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $395 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 7.30% |
| Simple Mortgage | 59.40% |
| Debt Free | 25.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
