Cottonwood, AL Real Estate
According to census data in the year 2000 there were 560 housing units in Cottonwood.
This represents a 1.1% decline from 566 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 560 were located in what is classified as a rural area.
Homeownership rate in Cottonwood is about 67.6%.
Cottonwood's vacancy rate, including seasonal lodging, is about 14.6%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Cottonwood were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.90% |
| One Bedroom | 9.80% |
| Two Bedrooms | 33.40% |
| Three Bedrooms | 46.60% |
| Four Bedrooms | 6.60% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $62,000 |
| Median Price asked for vacant units | $67,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $227 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7% |
| Home Equity Loan | 5.60% |
| Simple Mortgage | 47.90% |
| Debt Free | 39.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.1% |
