Bynum, AL Real Estate
According to census data in the year 2000 there were 765 housing units in Bynum.
This represents a 4.5% growth from 732 in 1990.
Of those housing units, 672 were located in either urbanized areas or urban clusters, and 93 were located in what is classified as a rural area.
Homeownership rate in Bynum is about 84.8%.
Bynum's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in Bynum were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.30% |
| Two Bedrooms | 23.10% |
| Three Bedrooms | 59.10% |
| Four Bedrooms | 15.70% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $65,600 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 1.60% |
| Simple Mortgage | 55.90% |
| Debt Free | 35.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.8% |
