McRae, AR Real Estate
According to census data in the year 2000 there were 301 housing units in McRae.
This represents a 2.6% decline from 309 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 301 were located in what is classified as a rural area.
Homeownership rate in McRae is about 73.2%.
McRae's vacancy rate, including seasonal lodging, is about 5.6%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in McRae were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 14% |
| Two Bedrooms | 36.50% |
| Three Bedrooms | 43.50% |
| Four Bedrooms | 4.70% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $42,600 |
| Median Price asked for vacant units | $40,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $188 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 2.10% |
| Simple Mortgage | 44% |
| Debt Free | 53.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
