Hanceville, AL Real Estate

According to census data in the year 2000 there were 1,307 housing units in Hanceville. This represents a 49% growth from 877 in 1990.

Of those housing units, 1,163 were located in either urbanized areas or urban clusters, and 144 were located in what is classified as a rural area.

Homeownership rate in Hanceville is about 62%. Hanceville's vacancy rate, including seasonal lodging, is about 11%. Average household size is 2.21 people.

The majority of houses, apartments or condos in Hanceville were built after 1975.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom12.50%
Two Bedrooms32.70%
Three Bedrooms47.40%
Four Bedrooms5.60%
Five Bedrooms or more1.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1971
Median Value of occupied units$65,900
Median Price asked for vacant units$60,000

Rented Homes, Apartments and Condos

Average Household Size2.07
Median year structure was built1990
Median Monthly Rent asked for vacant units$323

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan5.90%
Simple Mortgage48.60%
Debt Free41.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.3%