Algoma, MS Real Estate

According to census data in the year 2000 there were 228 housing units in Algoma. This represents a 30.3% growth from 175 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 228 were located in what is classified as a rural area.

Homeownership rate in Algoma is about 83.7%. Algoma's vacancy rate, including seasonal lodging, is about 11%. Average household size is 2.53 people.

The majority of houses, apartments or condos in Algoma were built after 1981.


Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom7.90%
Two Bedrooms24.10%
Three Bedrooms63.20%
Four Bedrooms1.80%
Five Bedrooms or more1.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1983
Median Value of occupied units$56,400
Median Price asked for vacant units$63,800

Rented Homes, Apartments and Condos

Average Household Size3.36
Median year structure was built1975
Median Monthly Rent asked for vacant units$525

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7%
Home Equity Loan0%
Simple Mortgage39.40%
Debt Free53.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs12.3%