Arab, AL Real Estate
According to census data in the year 2000 there were 3,216 housing units in Arab.
This represents a 17.2% growth from 2,745 in 1990.
Of those housing units, 2,722 were located in either urbanized areas or urban clusters, and 494 were located in what is classified as a rural area.
Homeownership rate in Arab is about 67.9%.
Arab's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Arab were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 5.40% |
| Two Bedrooms | 25.10% |
| Three Bedrooms | 53% |
| Four Bedrooms | 12.40% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $91,800 |
| Median Price asked for vacant units | $88,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $232 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 47.60% |
| Debt Free | 39.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
