Vance, AL Real Estate
According to census data in the year 2000 there were 215 housing units in Vance.
This represents a 133.7% growth from 92 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 215 were located in what is classified as a rural area.
Homeownership rate in Vance is about 81.7%.
Vance's vacancy rate, including seasonal lodging, is about 13.5%.
Average household size is 2.59 people.
The majority of houses, apartments or condos in Vance were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.30% |
| Two Bedrooms | 18.10% |
| Three Bedrooms | 72.10% |
| Four Bedrooms | 6.50% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $101,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.76 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $175 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 13.60% |
| Home Equity Loan | 7.40% |
| Simple Mortgage | 51.90% |
| Debt Free | 27.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.8% |
