New Hope, AL Real Estate
According to census data in the year 2000 there were 1,166 housing units in New Hope.
This represents a 25.4% growth from 930 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,166 were located in what is classified as a rural area.
Homeownership rate in New Hope is about 75.6%.
New Hope's vacancy rate, including seasonal lodging, is about 7.8%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in New Hope were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.70% |
| Two Bedrooms | 30.80% |
| Three Bedrooms | 51.70% |
| Four Bedrooms | 8.50% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $72,900 |
| Median Price asked for vacant units | $70,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 3.90% |
| Home Equity Loan | 3.90% |
| Simple Mortgage | 55.40% |
| Debt Free | 36% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
