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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 7.90% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 63.20% |
| Four Bedrooms | 1.80% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1983 |
| Median Value of occupied units | $56,400 |
| Median Price asked for vacant units | $63,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.36 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7% |
| Home Equity Loan | 0% |
| Simple Mortgage | 39.40% |
| Debt Free | 53.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.3% |
