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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 Type0%
One Bedroom1.30%
Two Bedrooms23.10%
Three Bedrooms59.10%
Four Bedrooms15.70%
Five Bedrooms or more0.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1974
Median Value of occupied units$65,600
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size2.64
Median year structure was built1960
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.20%
Home Equity Loan1.60%
Simple Mortgage55.90%
Debt Free35.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.8%