Albion, IN Real Estate
According to census data in the year 2000 there were 904 housing units in Albion.
This represents a 14.9% growth from 787 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 904 were located in what is classified as a rural area.
Homeownership rate in Albion is about 70.9%.
Albion's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Albion were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.10% |
| Two Bedrooms | 38.30% |
| Three Bedrooms | 40.50% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $76,300 |
| Median Price asked for vacant units | $58,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $397 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 62.60% |
| Debt Free | 25.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
