Albany, LA Real Estate
According to census data in the year 2000 there were 403 housing units in Albany.
This represents a 40.4% growth from 287 in 1990.
Of those housing units, 344 were located in either urbanized areas or urban clusters, and 59 were located in what is classified as a rural area.
Homeownership rate in Albany is about 59.3%.
Albany's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Albany were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 19.60% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 47.60% |
| Four Bedrooms | 1.50% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $77,100 |
| Median Price asked for vacant units | $17,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.79 |
| Median year structure was built | 1987 |
| Median Monthly Rent asked for vacant units | $363 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.50% |
| Home Equity Loan | 1.30% |
| Simple Mortgage | 45.90% |
| Debt Free | 50.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
