Elba, AL Real Estate
According to census data in the year 2000 there were 1,902 housing units in Elba.
This represents a 8.4% growth from 1,755 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,902 were located in what is classified as a rural area.
Homeownership rate in Elba is about 65%.
Elba's vacancy rate, including seasonal lodging, is about 15.8%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Elba were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 6.90% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 49.50% |
| Four Bedrooms | 11.30% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $69,900 |
| Median Price asked for vacant units | $20,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $316 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.20% |
| Home Equity Loan | 4.50% |
| Simple Mortgage | 35.60% |
| Debt Free | 57.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13% |
