Albion, IA Real Estate
According to census data in the year 2000 there were 239 housing units in Albion.
This represents a 8.1% growth from 221 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 239 were located in what is classified as a rural area.
Homeownership rate in Albion is about 86.9%.
Albion's vacancy rate, including seasonal lodging, is about 4.2%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Albion were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.60% |
| Two Bedrooms | 25.50% |
| Three Bedrooms | 46.90% |
| Four Bedrooms | 15.10% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $52,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $342 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.30% |
| Second Mortgage | 1.30% |
| Home Equity Loan | 4.40% |
| Simple Mortgage | 46.30% |
| Debt Free | 46.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
