New Market, AL Real Estate
According to census data in the year 2000 there were 703 housing units in New Market.
This represents a 63.9% growth from 429 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 703 were located in what is classified as a rural area.
Homeownership rate in New Market is about 87.4%.
New Market's vacancy rate, including seasonal lodging, is about 0.4%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in New Market were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2.60% |
| Two Bedrooms | 29.40% |
| Three Bedrooms | 60.60% |
| Four Bedrooms | 6.10% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $72,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.13 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 5.70% |
| Simple Mortgage | 71.80% |
| Debt Free | 20.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
