Fayette, AL Real Estate
According to census data in the year 2000 there were 2,291 housing units in Fayette.
This represents a 5.6% growth from 2,170 in 1990.
Of those housing units, 1,805 were located in either urbanized areas or urban clusters, and 486 were located in what is classified as a rural area.
Homeownership rate in Fayette is about 59.4%.
Fayette's vacancy rate, including seasonal lodging, is about 8.6%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Fayette were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 11.70% |
| Two Bedrooms | 28.20% |
| Three Bedrooms | 49.30% |
| Four Bedrooms | 8.80% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $68,300 |
| Median Price asked for vacant units | $52,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $231 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.10% |
| Home Equity Loan | 3.30% |
| Simple Mortgage | 45.60% |
| Debt Free | 48% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
