Gravel Ridge, AR Real Estate
According to census data in the year 2000 there were 1,289 housing units in Gravel Ridge.
This represents a 18.1% decline from 1,573 in 1990.
Of those housing units, 1,289 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Gravel Ridge is about 68.6%.
Gravel Ridge's vacancy rate, including seasonal lodging, is about 1%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Gravel Ridge were built after 1980.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 11.40% |
| Two Bedrooms | 17.50% |
| Three Bedrooms | 64.80% |
| Four Bedrooms | 4.30% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $70,800 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1978 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.90% |
| Home Equity Loan | 11.70% |
| Simple Mortgage | 72.50% |
| Debt Free | 11.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
