Fayette, IA Real Estate
According to census data in the year 2000 there were 438 housing units in Fayette.
This represents a 8% decline from 476 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 438 were located in what is classified as a rural area.
Homeownership rate in Fayette is about 60.8%.
Fayette's vacancy rate, including seasonal lodging, is about 8.7%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Fayette were built after 1944.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 14.80% |
| Two Bedrooms | 34.50% |
| Three Bedrooms | 34.50% |
| Four Bedrooms | 12.60% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $55,000 |
| Median Price asked for vacant units | $18,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.74 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $250 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 1.40% |
| Simple Mortgage | 56.90% |
| Debt Free | 39.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
