Montevallo, AL Real Estate
According to census data in the year 2000 there were 1,897 housing units in Montevallo.
This represents a 45% growth from 1,308 in 1990.
Of those housing units, 1,556 were located in either urbanized areas or urban clusters, and 341 were located in what is classified as a rural area.
Homeownership rate in Montevallo is about 48.4%.
Montevallo's vacancy rate, including seasonal lodging, is about 9.7%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Montevallo were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 14.20% |
| Two Bedrooms | 33.80% |
| Three Bedrooms | 34.30% |
| Four Bedrooms | 14.80% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $93,400 |
| Median Price asked for vacant units | $77,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $386 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5% |
| Home Equity Loan | 4.10% |
| Simple Mortgage | 59.10% |
| Debt Free | 31.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
