New Albany, MS Real Estate
According to census data in the year 2000 there were 3,317 housing units in New Albany.
This represents a 15.4% growth from 2,874 in 1990.
Of those housing units, 2,626 were located in either urbanized areas or urban clusters, and 691 were located in what is classified as a rural area.
Homeownership rate in New Albany is about 61.5%.
New Albany's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in New Albany were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 5.80% |
| Two Bedrooms | 31.80% |
| Three Bedrooms | 50.30% |
| Four Bedrooms | 8.20% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $70,500 |
| Median Price asked for vacant units | $32,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $335 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3% |
| Home Equity Loan | 2.20% |
| Simple Mortgage | 52.70% |
| Debt Free | 42% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
