Fayette, MS Real Estate
According to census data in the year 2000 there were 855 housing units in Fayette.
This represents a 24.8% growth from 685 in 1990.
Of those housing units, 837 were located in either urbanized areas or urban clusters, and 18 were located in what is classified as a rural area.
Homeownership rate in Fayette is about 54.9%.
Fayette's vacancy rate, including seasonal lodging, is about 8.7%.
Average household size is 2.78 people.
The majority of houses, apartments or condos in Fayette were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 14.60% |
| Two Bedrooms | 23.20% |
| Three Bedrooms | 48.70% |
| Four Bedrooms | 8.20% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.97 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $45,900 |
| Median Price asked for vacant units | $35,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $150 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0.60% |
| Home Equity Loan | 0% |
| Simple Mortgage | 43.20% |
| Debt Free | 56.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.9% |
