Opelika, AL Real Estate
According to census data in the year 2000 there were 10,272 housing units in Opelika.
This represents a 14.7% growth from 8,956 in 1990.
Of those housing units, 8,950 were located in either urbanized areas or urban clusters, and 1,322 were located in what is classified as a rural area.
Homeownership rate in Opelika is about 64.4%.
Opelika's vacancy rate, including seasonal lodging, is about 10.2%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Opelika were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 8.90% |
| Two Bedrooms | 28.10% |
| Three Bedrooms | 47.40% |
| Four Bedrooms | 12.50% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $91,100 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $256 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7.60% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 54.10% |
| Debt Free | 29.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
