Colony, AL Real Estate
According to census data in the year 2000 there were 173 housing units in Colony.
This represents a 63.2% growth from 106 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 173 were located in what is classified as a rural area.
Homeownership rate in Colony is about 83.2%.
Colony's vacancy rate, including seasonal lodging, is about 17.3%.
Average household size is 2.84 people.
The majority of houses, apartments or condos in Colony were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4% |
| Two Bedrooms | 17.30% |
| Three Bedrooms | 56.60% |
| Four Bedrooms | 19.70% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.01 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $62,900 |
| Median Price asked for vacant units | $17,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1969 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 60% |
| Debt Free | 28.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
