Gadsden, AL Real Estate
According to census data in the year 2000 there were 18,788 housing units in Gadsden.
This represents a 1.9% decline from 19,146 in 1990.
Of those housing units, 18,518 were located in either urbanized areas or urban clusters, and 270 were located in what is classified as a rural area.
Homeownership rate in Gadsden is about 63.4%.
Gadsden's vacancy rate, including seasonal lodging, is about 12.8%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Gadsden were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 9.20% |
| Two Bedrooms | 37% |
| Three Bedrooms | 42% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $50,000 |
| Median Price asked for vacant units | $33,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $300 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 3.70% |
| Home Equity Loan | 3.70% |
| Simple Mortgage | 40.60% |
| Debt Free | 51.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
