Lanett, AL Real Estate
According to census data in the year 2000 there were 3,567 housing units in Lanett.
This represents a 3.4% decline from 3,694 in 1990.
Of those housing units, 3,511 were located in either urbanized areas or urban clusters, and 56 were located in what is classified as a rural area.
Homeownership rate in Lanett is about 63.1%.
Lanett's vacancy rate, including seasonal lodging, is about 11.6%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Lanett were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 9.80% |
| Two Bedrooms | 29.50% |
| Three Bedrooms | 48% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $57,400 |
| Median Price asked for vacant units | $43,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $237 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 39% |
| Debt Free | 46.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
