Vestavia Hills, AL Real Estate
According to census data in the year 2000 there were 10,616 housing units in Vestavia Hills.
This represents a 32.1% growth from 8,034 in 1990.
Of those housing units, 9,866 were located in either urbanized areas or urban clusters, and 750 were located in what is classified as a rural area.
Homeownership rate in Vestavia Hills is about 78.4%.
Vestavia Hills's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Vestavia Hills were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 7.20% |
| Two Bedrooms | 17.90% |
| Three Bedrooms | 31.90% |
| Four Bedrooms | 30.30% |
| Five Bedrooms or more | 10.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $205,200 |
| Median Price asked for vacant units | $245,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.79 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $833 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 13.70% |
| Simple Mortgage | 47.70% |
| Debt Free | 29.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
