La Fayette, AL Real Estate
According to census data in the year 2000 there were 1,292 housing units in La Fayette.
This represents a 4.5% growth from 1,236 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,292 were located in what is classified as a rural area.
Homeownership rate in La Fayette is about 69.4%.
La Fayette's vacancy rate, including seasonal lodging, is about 9.5%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in La Fayette were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 9.90% |
| Two Bedrooms | 30.10% |
| Three Bedrooms | 45.20% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $51,600 |
| Median Price asked for vacant units | $24,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.94 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $200 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.60% |
| Home Equity Loan | 6.40% |
| Simple Mortgage | 36% |
| Debt Free | 54% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
