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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 12.50% |
| Two Bedrooms | 32.70% |
| Three Bedrooms | 47.40% |
| Four Bedrooms | 5.60% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $65,900 |
| Median Price asked for vacant units | $60,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1990 |
| Median Monthly Rent asked for vacant units | $323 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 5.90% |
| Simple Mortgage | 48.60% |
| Debt Free | 41.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.3% |
