Bay, AR Real Estate
According to census data in the year 2000 there were 739 housing units in Bay.
This represents a 17.1% growth from 631 in 1990.
Of those housing units, 600 were located in either urbanized areas or urban clusters, and 139 were located in what is classified as a rural area.
Homeownership rate in Bay is about 64.7%.
Bay's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Bay were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 9.70% |
| Two Bedrooms | 29.20% |
| Three Bedrooms | 52.80% |
| Four Bedrooms | 7.60% |
| Five Bedrooms or more | 0.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $49,400 |
| Median Price asked for vacant units | $53,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $272 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 1.50% |
| Simple Mortgage | 58.30% |
| Debt Free | 36.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
