Luverne, AL Real Estate
According to census data in the year 2000 there were 1,240 housing units in Luverne.
This represents a 14% growth from 1,088 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,240 were located in what is classified as a rural area.
Homeownership rate in Luverne is about 56.6%.
Luverne's vacancy rate, including seasonal lodging, is about 10.5%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Luverne were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 12.70% |
| Two Bedrooms | 22.40% |
| Three Bedrooms | 54% |
| Four Bedrooms | 7.90% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $61,900 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $288 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 5.20% |
| Simple Mortgage | 42.70% |
| Debt Free | 47% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.3% |
