Ola, AR Real Estate
According to census data in the year 2000 there were 541 housing units in Ola.
This represents a 5.7% growth from 512 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 541 were located in what is classified as a rural area.
Homeownership rate in Ola is about 54.6%.
Ola's vacancy rate, including seasonal lodging, is about 15.3%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Ola were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3% |
| One Bedroom | 19.80% |
| Two Bedrooms | 33.80% |
| Three Bedrooms | 37.30% |
| Four Bedrooms | 5.40% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $47,200 |
| Median Price asked for vacant units | $32,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $217 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.10% |
| Home Equity Loan | 0% |
| Simple Mortgage | 51.10% |
| Debt Free | 47.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
