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Banks, AR Real Estate


According to census data in the year 2000 there were 61 housing units in Banks. This represents a 35.6% growth from 45 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 61 were located in what is classified as a rural area.

Homeownership rate in Banks is about 79.2%. Banks's vacancy rate, including seasonal lodging, is about 13.1%. Average household size is 2.47 people.

The majority of houses, apartments or condos in Banks were built after 1948.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0%
Two Bedrooms32.80%
Three Bedrooms63.90%
Four Bedrooms3.30%
Five Bedrooms or more0%
As % of Housing Units
     

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1953
Median Value of occupied units$18,300

Rented Homes, Apartments and Condos

Average Household Size2.09
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.30%
Home Equity Loan6.30%
Simple Mortgage34.40%
Debt Free53.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19.3%