Lipscomb, AL Real Estate

According to census data in the year 2000 there were 1,112 housing units in Lipscomb. This represents a 10.7% decline from 1,245 in 1990.

Of those housing units, 1,112 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lipscomb is about 79.7%. Lipscomb's vacancy rate, including seasonal lodging, is about 18.2%. Average household size is 2.73 people.

The majority of houses, apartments or condos in Lipscomb were built after 1963.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom2.20%
Two Bedrooms36.10%
Three Bedrooms53.10%
Four Bedrooms7%
Five Bedrooms or more1.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.68
Median year structure was built1962
Median Value of occupied units$47,100
Median Price asked for vacant units$61,700

Rented Homes, Apartments and Condos

Average Household Size2.92
Median year structure was built1969
Median Monthly Rent asked for vacant units$289

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.10%
Home Equity Loan1.60%
Simple Mortgage49.20%
Debt Free44.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%