Banks, AL Real Estate
According to census data in the year 2000 there were 97 housing units in Banks.
This represents a 2.1% growth from 95 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 97 were located in what is classified as a rural area.
Homeownership rate in Banks is about 79.8%.
Banks's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Banks were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.20% |
| Two Bedrooms | 24.70% |
| Three Bedrooms | 64.90% |
| Four Bedrooms | 4.10% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $49,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1963 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 58.10% |
| Debt Free | 41.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.3% |
