Falkville, AL Real Estate
According to census data in the year 2000 there were 398 housing units in Falkville.
This represents a 6.4% decline from 425 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 398 were located in what is classified as a rural area.
Homeownership rate in Falkville is about 70.9%.
Falkville's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Falkville were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.80% |
| Two Bedrooms | 34.90% |
| Three Bedrooms | 51.30% |
| Four Bedrooms | 7.80% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $63,900 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $333 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.60% |
| Home Equity Loan | 3.20% |
| Simple Mortgage | 43.30% |
| Debt Free | 48.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
